United States New Home Sales

Last Release

Mar 31, 2025

Actual

724

Units In

Thousand units

674

Frequency

Monthly

Next Release

May 23, 2025

Time to Release

28 Days 19 Hours

Highest	Lowest	Average	Date Range	Source
1,389 Jul 2005	270 Feb 2011	656.38 Thousand units	1963-2025	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 surged by 7.4% from the previous month to a seasonally adjusted annualized rate of 724,000, extending the 1.8% increase in the earlier period to the highest in six months, and firmly above market expectations of 680,000 homes. The sales were in line with the growth in mortgage applications in the period as benchmark borrowing costs fell. The surge in sales was the most prominent in the South (13.6% to 483,000 and the Midwest (3% to 69,000), which offset declines in the Northeast (-22.2% to 28,000) and the West (-1.4% to 144,000). The median home price eased by 1.9% to $403,600. Meanwhile, housing inventory was at 503,000 units, equivalent to 8.3 months of supply at the current sales rate.