| Consensus | Consensus Range | Actual | Previous | Revised | |
| Annual Rate | 613K | 584K to 630K | 628K | 580K | 618K |
Highlights
U.S. new home sales picked up in June, a slight acceleration following an encouraging upward revision to May’s tepid reading. Sales have stalled from the Spring season, further evidenced by the supply of new homes for sale – down 0.2 percent from May, and up 3.3 percent compared to June 2025 – as affordability continues to restrain housing market activity. Weak new home sales in the West (-22.4 percent) partially offset increased sales in the other three regions.
Sales of new single-family houses in June are estimated at a 628,000 annual rate, picking up the pace from the revised 618,000 reported for May (previously 580,000), and better than the 613,000 expected in the Econoday survey of forecasters.
June’s new home sales rate is 1.6 percent higher than May, but 5.6 percent below the June 2025 rate of 665,000.
The median sales price of new houses sold in June was $398,300 compared to $412,000 in May, and $409,200 in June 2025. The average sales price was $475,400.
The inventory of new houses for sale dipped from 486,000 at the end of May to 485,000 at the end of June. The months’ supply was 9.3 months in June, compared to 9.4 months in May at the current sales rate. Inventory was at 9.0 months of supply in June 2025.
Market Consensus Before Announcement
Sales seen up from the bottom at 613K in June from a soft 580K in May.
Definition
New home sales measure the number of newly constructed homes with a committed sale during the month. The level of new home sales indicates housing market trends and, in turn, economic momentum and consumer purchases of furniture and appliances.
Description
This provides a gauge of not only the demand for housing, but the economic momentum. People have to be feeling pretty comfortable and confident in their own financial position to buy a house. Furthermore, this narrow piece of data has a powerful multiplier effect through the economy, and therefore across the markets and your investments. By tracking economic data such as new home sales, investors can gain specific investment ideas as well as broad guidance for managing a portfolio. Each time the construction of a new home begins, it translates to more construction jobs, and income which will be pumped back into the economy. Once the home is sold, it generates revenues for the home builder and the realtor. It brings a myriad of consumption opportunities for the buyer. Refrigerators, washers, dryers and furniture are just a few items new home buyers might purchase. The economic"ripple effect" can be substantial especially when you think a hundred thousand new households around the country are doing this every month. Since the economic backdrop is the most pervasive influence on financial markets, new home sales have a direct bearing on stocks, bonds and commodities. In a more specific sense, trends in the new home sales data carry valuable clues for the stocks of home builders, mortgage lenders and home furnishings companies.
