Sales of new homes fall 13.7% in May, biggest drop since June 2022 New housing inventory highest since late 2007 Median new house price increases 3.0% to $426,600 from year ago ...

"Housing will thus soon be a full-blown headwind to broader economic growth," warns Moody's Chief Economist Mark Zandi.

This spring and summer are shaping up to be very tough for the real estate market,” said one economist at Navy Federal Credit Union.

New home sales units dropped 13.7% to a seasonally adjusted annualized rate of 623,000 units last month, the Commerce Department's Census Bureau said on Wednesday.

New home sales dropped 13.7% to a seasonally adjusted annualized rate of 623,000 units last month, a seven-month low, the Commerce Department's Census Bureau said. The decrease was the biggest ...

The government report showed 90% confidence that the change in new-home sales ranged from a 26.8% decline to a 0.6% decline. Originally Published: June 25, 2025 at 12:04 PM PDT Share this: ...

US new homes sales fell in May by the most in almost three years as incentives fell short of alleviating affordability constraints. Sales of new single-family homes decreased 13.7% to a 623,000 ...

The home sales report showed a slight increase in the number of new houses for sale in May, to the highest level since 2007. That represented 9.8 months of supply at the current sales rate.