Economic Buzz: US new home sales down around 6% on year, prices egde up

Sales of new single-family houses in US in July 2026 were at a seasonally-adjusted annual rate of 607,000, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development. This is 10.5 percent below the June 2026 rate of 678,000, and is 6.3 percent below the July 2025 rate of 648,000. The seasonally-adjusted estimate of new houses for sale at the end of July 2026 was 488,000. This is 1.9 percent above the June 2026 estimate of 479,000. This represents a supply of 9.6 months at the current sales rate. The average sales price of new houses sold in July 2026 was $508,800. This is 4.1 percent above the June 2026 price of $488,900 and is 5.4 percent above the July 2025 price of $482,800.

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