Sales of new single-family homes in the United States rose by 5.9% from the previous month to a seasonally adjusted annualized rate of 664,000 in November of 2024, above market expectations of 650,000. Sales increased in the South (13.9% to 417 thousand) and the Midwest (17.3% to 88 thousand), but fell in the West (-7.5% to 136 thousand) and the Northeast (-41% to 23 thousand). At the same time, the median price of new houses was $402,600, while the average sales price was $484,800. In turn, the inventory of homes for sale was at 48190,000, equivalent to 8.9 months of supply at the current rate. source: U.S. Census Bureau

New Home Sales in the United States increased to 664 Thousand units in November from 627 Thousand units in October of 2024. New Home Sales in the United States averaged 656.04 Thousand units from 1963 until 2024, reaching an all time high of 1389.00 Thousand units in July of 2005 and a record low of 270.00 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 January of 2025.

New Home Sales in the United States increased to 664 Thousand units in November from 627 Thousand units in October of 2024. New Home Sales in the United States is expected to be 740.00 Thousand units by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-26 03:00 PM
New Home Sales
Oct 0.61M 0.738M 0.73M 0.71M
2024-12-23 03:00 PM
New Home Sales
Nov 0.664M 0.627M 0.65M 0.66M
2025-01-27 03:00 PM
New Home Sales
Dec


Related Last Previous Unit Reference
15-Year Mortgage Rate 6.14 6.13 percent Jan 2025
Average House Prices 484800.00 525400.00 USD Nov 2024
Building Permits 1493.00 1419.00 Thousand Nov 2024
Building Permits MoM 5.20 -0.40 percent Nov 2024
Construction Spending MoM 0.00 0.40 percent Nov 2024
Home Ownership Rate 65.60 65.60 percent Jun 2024
Housing Starts 1289.00 1312.00 Thousand units Nov 2024
Housing Starts MoM -1.80 -3.20 percent Nov 2024
Housing Starts Multi Family 264.00 348.00 Thousand units Nov 2024
Housing Starts Single Family 1011.00 950.00 Thousand units Nov 2024
MBA 30-Year Mortgage Rate 6.99 6.97 percent Jan 2025
New Home Sales 664.00 627.00 Thousand units Nov 2024
New Home Sales MoM 5.90 -14.80 percent Nov 2024

United States New Home Sales
A sale of the new house occurs with the signing of a sales contract or the acceptance of a deposit. The house can be in any stage of construction: not yet started, under construction, or already completed. New home sales account for about 10 percent of the US housing market. New single-family home sales are extremely volatile month-to-month and preliminary figures are subject to large revisions because they are mostly drawn from building permits data.
Actual Previous Highest Lowest Dates Unit Frequency
664.00 627.00 1389.00 270.00 1963 - 2024 Thousand units Monthly
Volume, SA


News Stream
US New Home Sales Rise Less than Expected
Sales of new single-family homes in the United States rose by 5.9% from the previous month to a seasonally adjusted annualized rate of 664,000 in November of 2024, above market expectations of 650,000. Sales increased in the South (13.9% to 417 thousand) and the Midwest (17.3% to 88 thousand), but fell in the West (-7.5% to 136 thousand) and the Northeast (-41% to 23 thousand). At the same time, the median price of new houses was $402,600, while the average sales price was $484,800. In turn, the inventory of homes for sale was at 48190,000, equivalent to 8.9 months of supply at the current rate.
2024-12-23
US New Home Sales Fall the Most in 11 Years
Sales of new single-family homes in the United States plummeted by 17.3% from the previous month to a seasonally adjusted annualized rate of 610,000 in October of 2024, marking the sharpest decline since 2013, and firmly below market expectations of 730,000. It was the lowest sales since October 2022 as two hurricanes impacted the activity in the biggest market South, and buyers continued to face challenges with affordability. Sales in the South fell by 28% to 339,000. Sales also was down in the West, but rose in the Northeast and the Midwest. At the same time, the median price of new houses was $437,300, $11,000 above the value from the previous month, while the average sales price was $545,800. In turn, the inventory of homes for sale was at 481,000, equivalent to 9.5 months of supply at the current rate.
2024-11-26
US New Home Sales Above Forecasts
Sales of new single-family homes in the United States jumped 4.1% to a seasonally adjusted annual rate of 738,000 in September 2024, the highest level since May 2023, following a downwardly revised 709,000 in August and above forecasts of 720,000. Sales soared 21.7% to 28,000 in the Northeast and were up 5.8% to 477,000 in the South, but fell 2.5% to 77,000 in the Midwest and steadied at 156,000 in the West. The median price of new houses sold in the period was $426,300, while the average sales price was $501,000, compared to $426,100 and $515,000 respectively a year earlier. Meanwhile, there were 470,000 new homes listed for sale during the period, representing about 7.6 months of supply at the latest sales rate.
2024-10-24