New Home Sales Soar
Summary
New home sales in the U.S. rose significantly in August 2025, reaching an annual rate of 800,000 homes, according to the U.S. Census Bureau. This marked a 20.5% increase from July and a 15.4% rise from the same month in the previous year. Builders offered price cuts and incentives, which helped boost sales despite higher overall median home prices.Key Facts
- New home sales hit an annual rate of 800,000 in August, according to the U.S. Census Bureau.
- This rate was 20.5% higher than July's rate and 15.4% higher than August 2024.
- Sales increased most in the Northeast, with a 72.2% rise from July.
- Builders offered price cuts, with 37% doing so in August, according to a survey by the National Association of Homebuilders.
- The median sales price for a new home was $413,500 in August.
- The inventory of new homes dropped to 490,000, equivalent to a 7.4-month supply.
- The percentage of homebuilders offering discounts rose to 39% in September, the highest in over five years.
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