New Home Sales Jump 6.4% to 684,000 in August
New Delhi: Sales of new single-family homes rose 6.4% in August to a seasonally adjusted annual rate of 684,000, the Census Bureau and HUD reported September 24. That beat market forecasts of about 615,000, though the Bureau said the monthly change was not statistically significant. Compared with August 2025, sales were down 2.0%.
Key numbers
- Median new-home price: $393,700, down 5.8% from a year ago
- Average new-home price: $478,700, down 8.8% (the one statistically significant change in the report)
- Homes for sale: 483,000, unchanged from July
- Months' supply: 8.5
Regional pattern
Sales increased in the Midwest and South but fell in the Northeast and West.
What it signals
Analysts at First Trust noted that the median new-home price is down about 14.5% from its October 2022 peak, and that builders have been competing on price. The American Bankers Association read the report as a sign of resilient demand despite high mortgage rates and elevated prices.
What to watch
The September new home sales report is due October 27, 2026.
FAQ
How many new homes were sold in August 2026? At an annual pace of 684,000. Are new homes cheaper than existing homes? The median new home sold for $393,700, below the $429,100 median for existing homes.