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.