According to the U.S. Census Bureau and the Department of Housing and Urban Development, new single-family home sales have run below year-earlier levels for several consecutive months in 2026, even as the pace steadied in June. Sales fell from a seasonally-adjusted annual rate of 663.000 in March to 622.000 in April, a drop of 6,2% that left April 11,3% below the same month in 2025. The rate eased further to 618.000 in May before edging up to 628.000 in June, a monthly gain of 1,6% that nonetheless remained 5,6% below the June 2025 rate of 665.000.
Prices moved lower alongside the softer sales pace. The median sales price of new houses sold in June 2026 was $398.300, down 3,3% from May's $412.000 and 2,7% below June 2025's $409.200, according to the joint release. The average sales price fell more sharply, to $475.400 in June, a decline of 9,5% from May's $525.200 and 6,5% below the June 2025 average of $508.700.
Inventory data point to a housing pipeline that continues to outpace demand. The seasonally-adjusted estimate of new houses for sale at the end of June 2026 stood at 485.000, down 0,2% from May's 486.000 and 3,2% below the June 2025 level of 501.000. That stock represented a supply of 9,3 months at the current sales rate, according to the Census Bureau and HUD, down 1,1% from May's 9,4 months but 3,3% above the 9,0 months recorded in June 2025.