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Builder confidence has plummeted as a result of rising costs, higher interest rates, and slower buyer traffic. New home sales rose 1.0% to a seasonally adjusted annual rate of 708,000 units last month. June's sales pace was revised up to 701,000 units from the previously reported 676,000 units.
About This Data The New Home Sales data above is the seasonally adjusted annual rate. There were 367,000 new homes on the market in July, the highest since November 2008 and up from 348,000 in June. New Home Sales measures the annualized number of new single-family homes that were sold during the previous month. This report tends to have more impact when it's released ahead of Existing Home Sales because the reports are tightly correlated. Economists polled by Reuters had forecast new home sales, which account for about 10% of US home sales, would decline to a rate of 570,000 units in October. New homebuyers made up just 28% of sales in November, which was the same rate as in October.
United States New home sales Statistics
Census Bureau’s most recent press release and the methodology of its data compilation. The median number of months for sale is the median number of months from the month of completion to the current month. Houses sold prior to completion are excluded from the statistics for the median number of months for sale. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. New home sales were concentrated in the $200,000-$749,000 price range.
For the year, the National Association of Realtors said the annual share of first-time buyers was just 26%, the lowest since the realtor group began tracking the data. Analyzing regional sales reports provides revealing comparisons of the number of new and existing homes sold within each of the four primary regions of the U.S. This report also details the number of new homes for sale in each region. NAHB compiles annual, quarterly and monthly data for new and existing homes.
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A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national economy occupy a special place. That, combined with housing affordability issues and reduced incentives for homeowners to list their homes, all contributed to the rapid loss in home sales, the National Association of Realtors said.
TAMPA, Fla. — Existing-home sales continued to decline for the tenth month in a row in November, according to new data from the National Association of Realtors. Marco Santarelli is an investor, author, Inc. 5000 entrepreneur, and the founder of Norada Real Estate Investments – a nationwide provider of turnkey cash-flow investment property. His mission is to help 1 million people create wealth and passive income and put them on the path to financial freedom with real estate.
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The median new house price soared 18.4% from a year earlier to a record $390,500 in July. "While demand for new homes remains strong, high prices and backlogs in construction will temper sales in the months ahead," said Nancy Vanden Houten, a U.S. economist at Oxford Economics in New York. "Homebuilders are reportedly turning away buyers as they attempt to reduce the backlog of sales."
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The National Association of Realtors said Wednesday that existing home sales fell 7.7% last month from October to a seasonally adjusted annual rate of 4.09 million. That’s lower than what economists were expecting, according to FactSet. Tracking nationwide sales and inventory levels offers key insights about current market conditions and future housing demand. These reports can also serve as early indicators of economic shifts, often triggering changes in consumer behavior. The median sales price is the sales price of the house which falls on the middle point of the total number of houses sold. Half of the houses sold have a sales price less than the median and half have a greater price.
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