Sales of new single-family houses in the United States eased by 0.3% from the previous month to a seasonally adjusted annualized rate of 662,000 in February of 2024, firmly below market expectations of 675,000, to trim the revised 1.7% increase from the earlier month. Despite the expectation miss, the result was broadly in line with the increase in mortgage rates during the second month of the year, according to data compiled by the MBA and Freddie Mac, and tracking the rise in long-duration Treasury yields. Sales plummeted in the Northeast (-31.5% to an annualized rate of 37,000) and eased in the West (-2.4% to 83,000), offsetting the slight increase in the South (3.7% to 367,000) and the West (2.3% to 175,000). The median price of new houses sold in the period was $400,500, while the average sales price was $485,000. In the meantime, there were 463,000 new homes listed for sale during the period, representing about 8.4 months of supply at the latest sales rate. source: U.S. Census Bureau

New Home Sales in the United States decreased to 662 Thousand units in February from 664 Thousand units in January of 2024. New Home Sales in the United States averaged 655.67 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 March of 2024.

New Home Sales in the United States decreased to 662 Thousand units in February from 664 Thousand units in January of 2024. New Home Sales in the United States is expected to be 700.00 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
2024-02-26 03:00 PM
New Home Sales
Jan 0.661M 0.651M 0.68M 0.67M
2024-03-25 02:00 PM
New Home Sales
Feb 0.662M 0.664M 0.675M 0.67M
2024-04-23 02:00 PM
New Home Sales
Mar 0.662M


Related Last Previous Unit Reference
15-Year Mortgage Rate 6.21 6.16 percent Mar 2024
Average House Prices 485000.00 523400.00 USD Feb 2024
Building Permits 1524.00 1489.00 Thousand Feb 2024
Building Permits MoM 2.40 -0.30 percent Feb 2024
Construction Spending MoM -0.20 1.10 percent Jan 2024
Home Ownership Rate 65.70 66.00 percent Dec 2023
Housing Starts 1521.00 1374.00 Thousand units Feb 2024
Housing Starts MoM 10.70 -12.30 percent Feb 2024
Housing Starts Multi Family 377.00 347.00 Thousand units Feb 2024
Housing Starts Single Family 1129.00 1012.00 Thousand units Feb 2024
MBA 30-Year Mortgage Rate 6.93 6.97 percent Mar 2024
New Home Sales 662.00 664.00 Thousand units Feb 2024
New Home Sales MoM -0.30 1.70 percent Feb 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
662.00 664.00 1389.00 270.00 1963 - 2024 Thousand units Monthly
Volume, SA

News Stream
US New Home Sales Unexpectedly Drop
Sales of new single-family houses in the United States eased by 0.3% from the previous month to a seasonally adjusted annualized rate of 662,000 in February of 2024, firmly below market expectations of 675,000, to trim the revised 1.7% increase from the earlier month. Despite the expectation miss, the result was broadly in line with the increase in mortgage rates during the second month of the year, according to data compiled by the MBA and Freddie Mac, and tracking the rise in long-duration Treasury yields. Sales plummeted in the Northeast (-31.5% to an annualized rate of 37,000) and eased in the West (-2.4% to 83,000), offsetting the slight increase in the South (3.7% to 367,000) and the West (2.3% to 175,000). The median price of new houses sold in the period was $400,500, while the average sales price was $485,000. In the meantime, there were 463,000 new homes listed for sale during the period, representing about 8.4 months of supply at the latest sales rate.
2024-03-25
US New Home Sales Rise Less than Expected
Sales of new single-family houses in the United States rose by 1.5% from the previous month to a seasonally adjusted annualized rate of 661,000 in January of 2024, missing market expectations of 680,000. Still, the reading marked the second straight month of higher sales, consistent with the drop in mortgage rates during the first month of the year. Sales soared in the Northeast (72% to an annualized rate of 43,000) and the West (38.7% to 190,000) while growing at a slower pace in the Midwest (7.7% to 70,000). Limiting the growth, sales slumped in heavyweight areas of the South (-15.6% to 358,000). The median price of new houses sold in the period was $420,700, while the average sales price was $534,400. In the meantime, there were 456,000 new homes listed for sale during the period, representing aboud 8.3 months of supply at the latest sales rate.
2024-02-26
US New Home Sales Rebound
Sales of new single-family houses in the United States increased 8% from the previous month to a seasonally adjusted annualized rate of 664 thousand in December of 2023, rebounding from a downwardly revised 9% drop in November, and above forecasts of 645 thousand. Sales soared in the Northeast (32% to 33 thousand), the South (10.6% to 419 thousand) and the Midwest (9.2% to 71 thousand) but fell in the West (-3.4% to 141 thousand). The median price of new houses sold in the period was $413,200, while the average sales price was $487,300, both below $479,500 and $568,700 respectively a year earlier. In the meantime, there were 453,000 homes listed for sale by the end of the period, equivalent to a supply of 8.2 months at the latest sales rate. Considering non-seasonally adjusted data, new home sales rose 4.2% to 668 thousand in full 2023. In 2024, the momentum seen in December could continue as the Fed is expected to start cutting interest rates, which will push mortgage rates lower.
2024-01-25