New Single-Family Home Sales Declined 10.5% in July

Washington, DC, August 25, 2026—Sales of new single-family houses in July 2026 were at a seasonally-adjusted annual rate of 607,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 10.5% below the June 2026 rate of 678,000 and is 6.3% below the July 2025 rate of 648,000.

The seasonally adjusted estimate of new houses for sale at the end of July 2026 was 488,000. This is 1.9% above the June 2026 estimate of 479,000 and is 1.6% below the July 2025 estimate of 496,000.

This represents a supply of 9.6 months at the current sales rate. The months’ supply is 12.9% above the June 2026 estimate of 8.5 months and is 4.3% above the July 2025 estimate of 9.2 months.

The median sales price of new houses sold in July 2026 was $393,800. This is 2.3% below the June 2026 price of $403,100 and is 0.9% below the July 2025 price of $397,300. The average sales price of new houses sold in July 2026 was $508,800. This is 4.1% above the June 2026 price of $488,900 and is 5.4% above the July 2025 price of $482,800.

“New home sales fell in July to their slowest pace since the start of the year as affordability challenges limited home buyer traffic,” said Bill Owens, chairman of the National Association of Home Builders (NAHB) and a home builder and remodeler from Worthington, Ohio. “NAHB surveys show that a majority of builders continue to offer sales incentives, including mortgage rate buydowns, to support new home sales.”

“The single-family home building market is on track for a second consecutive annual decline in 2026,” said NAHB chief economist Robert Dietz. “New home sales are down more than 4% on a year-to-date basis. NAHB research and economic data show community builders continue to outperform the broader market, while the Northeast remains a relative bright spot, with new home sales up nearly 9% year-to-date.”