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US new single-family home sales post second straight monthly decline

New single-family home sales in the US unexpectedly declined in May 2026. High mortgage rates and prices contributed to the drop. This marks the second consecutive monthly decrease in sales.

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What changed

May sales fell to a seasonally adjusted annualized rate of 580,000 units.

Live updates

  1. US New Single-Family Home Sales Fall for Second Straight Month

    New single-family home sales in the US unexpectedly declined in May 2026. High mortgage rates and prices contributed to the drop. This marks the second consecutive monthly decrease in sales.

    What's confirmed:

    • US new single-family home sales declined for the second consecutive month in May.
    • Sales fell 7.3% to a seasonally adjusted annualized rate of 580,000 units.
    • High mortgage rates and prices weighed on buyers.
    • The Commerce Department reported the May decline on Wednesday.

    Still unconfirmed:

    • Housing supply reached its highest level since 2009 at 496,000 units.
    • Sales in the West dropped 26.9% to 117,000 units.
    • The average non-seasonally adjusted sales price rose 7.8% month-over-month to $540,600.
    • The median sales price for homes was $424,900.
    • Sales rose 3% in the Northeast and 16.2% in the Midwest.
    • Sales fell 4.1% in the South.
    confidence 90%