Briefing.com: New Home Sales

Updated: 25-Aug-26 10:34 ET

July New Home Sales

Updated: 25-Aug-26 10:34 ET

Highlights

New home sales decreased 10.5% month-over-month in July to a seasonally adjusted annual rate of 607,000 (Briefing.com consensus 620,000) from a revised 678,000 (from 628,000) in June. On a year-over-year basis, new home sales were down 6.3%.

Key Factors

The median sales price was down 0.9% year-over-year to $393,800, while the average sales price was up 5.4% year-over-year to $508,800.
New home sales month-over-month/year-over-year by region in July: Northeast (+30.3%/+95.5%); Midwest (-42.7%/-50.6%); South (-13.0%/-5.2%); and West (+6.2%/+2.2%).
At the current sales pace, the supply of new homes for sale stood at 9.6 months, versus 8.5 in June and 9.2 months in the year-ago period.
The percentage of new homes sold for $399,000 or less accounted for 53% of new homes sold versus 49% in June. Homes priced between $400,000 and $799,000 accounted for 39% of new homes sold versus 42% in June. New homes priced at $800,000 or over accounted for 8% of sales versus 9% in June.

Big Picture

The key takeaway from the report is that changes in monthly sales varied greatly by region, but the overall pace of sales slowed. This increased the month's supply of new homes for sale, which could result in some pressure on prices.