New US single-family home sales slide in July, confidence dips in August

Live updates

1. 14d ago

   US new single-family home sales decline in July

   New US single-family home sales fell to a seasonally adjusted annual rate of 607,000 in July, down 10.5% from June's revised 678,000 and 6.3% below the same month last year. The decline comes as homebuyers are getting 'cold feet' and canceling deals, despite a decrease in prices. Builders are under pressure and are changing what they sell to combat the slump.

   Why it matters

   The new home market has been broadly flat since the post-COVID volatility faded in early 2023. The decline in sales and prices may indicate a shift in the housing market, which could have implications for the broader economy. Homebuyers are contending with affordability constraints and elevated mortgage rates.

   What is confirmed

   • Sales of new single-family homes fell to a seasonally adjusted annual rate of 607,000 in July.
   • The median sales price slipped to $393,800, down 2.3% from June.
   • The number of new houses for sale reached 488,000, an increase of 1.9% from June.
   • The implied supply rose to 9.6 months, up from 8.5 months in June.

   What to watch next

   • August new home sales figures
   • September interest rate decisions
   • builder responses to changing market conditions
   Sources used for this update (4)

   1. economictimes.indiatimes.com — Indian Rupee
   2. inews.co.uk — The 12 best autumn holidays with fewer crowds and lower prices
   3. www.mortgagenewsdaily.com — New Home Sales Give Back June's Gains
   4. www.forbes.com — Why Home Prices Refuse To Fall As Sales Hit A Two-Year Low
   confidence 90%
2. 20d ago

   US New-Home Sales Slide to Lowest Level Since January

   New US single-family home sales declined in July, reaching their lowest level since January. The drop in sales comes as homebuyers are getting 'cold feet' and canceling deals. Despite a decrease in prices, sales continue to lag. Builders are under pressure and are changing what they sell to combat the slump.

   Why it matters

   The US housing market is experiencing a slump, with new home sales and consumer confidence declining. This downturn is significant as it impacts the overall economy and the construction industry. The trend is expected to continue, but some hopeful signs are emerging. The National Association of Home Builders' confidence index also showed a dip in August.

   What is confirmed

   • New US single-family home sales declined in July.
   • The inventory of new single-family homes has increased.
   • Prices of new single-family homes have dropped to their lowest level since 2021.
   • Homebuyers are getting 'cold feet' and canceling deals.

   Still unconfirmed

   • Builders are changing what they sell to combat lagging sales.

   What to watch next

   • August new home sales data
   • September National Association of Home Builders' confidence index
   • Interest rate changes
   Sources used for this update (8)

   1. Reuters — New US single-family home sales slide in July, confidence dips in August
   2. Bloomberg.com — US New-Home Sales Decline to Lowest Level Since January
   3. Deseret News — More U.S. homebuyers getting ‘cold feet,’ canceling deals
   4. Yahoo Finance — July New Home Sales Fall More Than Expected Despite Price Drop
   5. RealEstateNews.com — Builders ‘changing what they sell’ to combat lagging sales
   6. WTOP News — Housing slump likely to continue but some see hopeful signs ahead
   7. Wolf Street — Inventory of New Single-Family Homes Jumps, Prices Drop to Lowest since 2021, Sales Sag
   8. RISMedia — New-Home Sales Slip to Slowest Pace in 2026 as Builders Remain Under Pressure
   confidence 85%