US New Home Sales

In November 2024, sales of new single-family homes reached a seasonally adjusted annual rate of 664,000, according to newly released data from HUD and the U.S. Census Bureau. This marks a 5.9% increase from October’s revised figures and an 8.7% rise from November 2023. Regionally, compared to one year ago, new home sales are up 13.6% in the South and 10.0% in the Midwest. However, sales declined 1.4% and 11.5% in the West and Northeast, respectively. The median new home sale price in November edged down 5.4% to $402,600 and is down ...

Sales of new U.S. single-family homes increased to the highest level in nearly 1-1/2 years in September as buyers rushed in to take advantage of a decline in mortgage rates. New home sales jumped 4.1% to a seasonally adjusted annual rate of 738,000 units last month, the highest level since May 2023, the Commerce Department's Census Bureau said on Thursday. The sales pace for August was revised down to 709,000 units from a previously reported 716,000 units. Economists polled by Reuters had forecast new home sales, which account for ...

U.S. new-home sales fall in August, but still defy estimates The numbers: Sales of newly built homes in the U.S. dipped in August, as home buyers pulled back in the face of high interest rates and home prices. Sales of newly built homes in the U.S. fell 4.7% to an annual rate of 716,000 in August, from a revised 751,000 in the prior month, the Commerce Department reported Wednesday. The number is seasonally adjusted and refers to how many homes would be built over an entire year if builders continue at the same pace every month. The ...