New Home Sales As Reported

The Commerce Department reports New Home Sales declined 0.3% in October but that does not factor in a significant upward revision in September. 

Sales of new single-family houses in October 2020 were at a seasonally adjusted annual rate of 999,000, according  to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. 

This is 0.3 percent below the revised September rate of 1,002,000, but is 41.5 percent above the October 2019 estimate of 706,000

New Home Sales Seasonally Adjusted Annualized

New Home Sales Seasonally Adjusted 2020-10

Seasonal Adjustments Annualized

Note reported sales of 999,000 for October alone when the actual year-to-date total (January Through October) is 703,000.

Year-to-Date Analysis


From 2007 through 2019, year-to-date total sales for 10 months were less than in 1963.

Think about population growth and let that statistic settle.

Sales then surged in 2020 exceeding all but the bubble years of 2003-2006.

How the Housing Bubble Was Reblown in 20 Cities

Prices are through the roof thanks to Fed stimulus and suppressed interest rates.

For discussion, please see How the Housing Bubble Was Reblown in 20 Cities

Meanwhile, please note that Without a Deal 12 Million Will Soon Lose All Unemployment Benefits.

It's a tale of two recoveries, one for the haves and none for the have nots.


New Home Sales Surge, Prices Down, Revisions Negative

New home sales beat economists expectations. But the surge was entirely in the South.

New Home Sales Surge Most in 28 Years on Percentage Basis

New home sales for September blew out top end expectations and then some, rising 18.9 percent, the largest percentage gain in 28 years.

Existing Home Sales Rise to the Highest Level Since 2006

Total home sales in 2020 were the most since the housing bubble that preceded the great recession.