Sales of new single family houses in the US were down 6.6% to a seasonally adjusted annual rate of 676K in June of 2021, the 3rd consecutive decline and the lowest level since April last year, as high prices due to rising material costs continue to weigh on buyers' affordability. Figures compare with market forecasts of 800K. Sales sank in the Norheast (-27.9%), the South (-7.8%) and the West (-5.1%) but rose in the Midwest (5.7%). The median sales price increased to $361,800 from $341,100 a year earlier. There were 353 thousand new home sales available on the market, higher than 330 thousand in May. source: U.S. Census Bureau
New Home Sales in the United States averaged 655.08 Thousand units from 1963 until 2021, reaching an all time high of 1389 Thousand units in July of 2005 and a record low of 270 Thousand units in February of 2011. This page provides the latest reported value for - United States New Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States New Home Sales - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
New Home Sales in the United States is expected to be 780.00 Thousand units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States New Home Sales is projected to trend around 650.00 Thousand units in 2022 and 590.00 Thousand units in 2023, according to our econometric models.