United States New Home Sales

Last Release

Nov 30, 2024

Actual

664

Units In

Thousand units

627

Frequency

Monthly

Next Release

Jan 27, 2025

Time to Release

1 Months 2 Days 14 Hours

Highest	Lowest	Average	Date Range	Source
1,389 Jul 2005	270 Feb 2011	656.14 Thousand units	1963-2024	U.S. Census Bureau

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.

Latest Updates

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.