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United States New Home Sales

This is a syndicated repost courtesy of Trading Economics. To view original, click here. Reposted with permission.

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source: tradingeconomics.com

New Home Sales in the United States decreased to 999 Thousand units in October from 1002 Thousand units in September of 2020. New Home Sales in the United States averaged 653.19 Thousand units from 1963 until 2020, reaching an all time high of 1389 Thousand units in July of 2005 and a record low of 270 Thousand units in February of 2011. 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. This page provides the latest reported value for – United States New Home Sales – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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