The Census Bureau reports New Home Sales of new single‐family houses in October 2019 were at a seasonally adjusted annual rate of 733,000.

Because of a huge upward revision, sales fell 0.7 percent below the revised September rate of 738,000, but is 31.6 percent above the October 2018 estimate of 557,000.

Sales Price

The median sales price of new houses sold in October 2019 was $316,700. The average sales price was $383,300.

For Sale Inventory and Months’ Supply

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The seasonally‐adjusted estimate of new houses for sale at the end of October was 322,000. This represents a supply of 5.3 months at the current sales rate.

Home Sales Regain Trendline

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Homes sales are much better than expected but the year-over-year 36.6% rise is also based on the easiest comparison in 12 years.

Things are back on the trendline from 2011.

Mike "Mish" Shedlock

New Home Sales Highest in Ten Years: Economy on a Roll?

New home sales rose 6.2% in October to 685,000 units. The percentage gain since August was the most in nearly 3 decades.

New Home Sales Spike Most in 25 Years: What's Going On?

New home sales rose a whopping 17.5%, the strongest gain since 1992 and the most homes sold in one month since 2007.

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 Jump 2% Yet Remain Below Level Reached a Year Ago

Existing home sales rose 2% in October yet remain 0.9% below the level reached in October 2016.

Mortgage Rates Highest in Nearly Four Years

Mortgage rates are at the highest level since March of 2014, and another 15 basis points from the December 2013 level.

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.

New Home Sales Plunge to Lowest Annualized Pace in Three Years

New home sales plunged to a seasonally-adjusted annualized rate (SAAR) of 571,000.

New Home Sales Badly Miss Expectations

New home sales rose 1.3% in November but only because of huge downward revisions.

New Home Sales Dive 8.9% in October, Down 12.0% From Year Ago

Upward revisions in Aug and Sep were not enough to offset a plunge in new home sales below any economist's forecast.