Sales of newly built single-family homes rose 6.4% in August to a seasonally adjusted annual rate of 684,000, according to a National Association of Home Builders analysis of data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Despite the monthly gain, sales were 2% below the pace of a year earlier.
"Sales are still down year-over-year and year-to-date, and builders continue to use incentives and pricing adjustments to support buyers as limited existing-home inventory helps sustain the new-home market," said NAHB Chairman Bill Owens.
The median new home sales price rose 0.4% from July to $393,700 but was down 5.8% from August 2025.
New single-family home inventory was unchanged from July at 483,000 units, which is 2.0% lower than a year ago and equal to an 8.5-month supply. Of that inventory, 112,000 homes were completed and ready to occupy.
Regionally, year-to-date new home sales fell 10.0% in the West, 1.0% in the South and 0.6% in the Midwest. They were unchanged in the Northeast.
Read the full report here.
