US New home sales for July 0.607M vs 0.620M estimate

436881 August 25, 2026 Forexlive Latest News 1 min read Market News

Details on inventories and prices:

New homes for sale totaled a seasonally adjusted 488,000 in July, up 1.9% from June but down 1.6% from July 2025.
At the current sales pace, inventory represents a 9.6-month supply, up from 8.5 months in June and 9.2 months a year earlier. That is high.
The increase in months’ supply indicates that inventory grew relative to the pace of new-home sales.

Sales prices:

The median new-home sales price was $393,800 in July, down 2.3% from June and 0.9% from a year ago.
The average sales price was $508,800, up 4.1% from June and 5.4% from July 2025.
The divergence suggests stronger sales activity at the higher-priced end of the market.

Regionally: What is with the Midwest?

New-home sales fell 10.5% nationally in July compared with June.

The Northeast recorded the strongest gain, rising 30.3%, while sales in the West increased 6.2%.

Sales fell sharply in the Midwest, dropping 42.7%, while the South declined 13.0%.

Compared with July 2025, sales surged 95.5% in the Northeast and rose 2.2% in the West.

Year over year, sales fell 50.6% in the Midwest and 5.2% in the South, leaving total U.S. sales down 6.3%.

Severe weather in the Midwest may have had an influence on the sharp decline in that region. The margin of error can be high for the data series.

This article was written by Greg Michalowski at investinglive.com.