US New-Home Sales Rise to 0.628 Million Annualized in June, Beating Estimates
Key Takeaways
- •US new-home sales reached a seasonally adjusted annual rate of 628,000 units in June 2026, beating the consensus estimate of 610,000 and marking a 1.6% increase from May.
- •The prior month's sales figure was revised significantly higher to 618,000 units from the originally reported 580,000.
- •The median new-home sales price fell to $398,300, declining 3.3% month-over-month and 2.7% year-over-year, signaling continued pricing easing.
- •Housing inventory stood at 486,000 units with a months' supply of 9.3, well above the roughly six-month threshold that analysts consider favorable to buyers.
- •The data was released jointly by the US Census Bureau and the Department of Housing and Urban Development on July 24, 2026.
US new-home sales rose to a seasonally adjusted annual rate of 0.628 million in June, exceeding the consensus estimate of 0.610 million, according to data released on July 24, 2026.
The prior month's figure was revised higher to 0.618 million from the previously reported 0.580 million. On a month-over-month basis, June sales increased 1.6%, a rebound from the revised -4.3% decline recorded in May.
Inventory Details
- Inventory stood at 486,000 units, down 0.2% from May.
- Inventory was down 3.2% compared to June 2025, when it stood at 501,000 units.
- Months' supply came in at 9.3 months, down slightly from 9.4 months in May but up from 9.0 months a year ago, indicating that supply remains relatively elevated by historical standards. A months' supply above roughly six is generally viewed by industry analysts as favoring buyers over sellers.
Sales Prices
Median sales price: $398,300
- Down 3.3% from May ($412,000)
- Down 2.7% from June 2025 ($409,200)
Average sales price: $475,400
- Down 9.5% from May ($525,200)
- Down 6.5% from June 2025 ($508,700)
Both the median and average sales prices declined on a monthly and annual basis, pointing to continued easing in new-home pricing. Builders have at times used incentives such as price reductions and mortgage rate buydowns to move inventory in a higher-rate environment.
Market Context
The June data reflects the housing market at a time when 30-year mortgage rates have been trending higher. The notable decline in both median and average sales prices, combined with elevated months of supply, underscores ongoing pricing pressure in the new-home segment of the US housing market. New-home sales represent a smaller share of overall US home transactions than existing-home sales, which account for the majority of the market.
New-home sales data, published by the US Census Bureau and the Department of Housing and Urban Development, is a closely watched economic indicator that tracks signed contracts for newly constructed homes and serves as a timelier gauge of housing demand than existing-home sales.