Sales of new single-family houses in April 2026 totaled 622,000 at a seasonally adjusted annual rate, down from 663,000 in March and 701,000 a year earlier. Builders remain cautious because completed inventory stays elevated, with 489,000 homes for sale and 9.4 months of supply. New home sales have been stuck in a long-running range without sustained growth, even though monthly figures can swing and be revised. After removing unusual periods such as the COVID bump and the 2022 low, new home sales show little progress and trend near 2019 levels. Housing starts have not gained traction for years, consistent with supply and demand pressures and builder incentives.
"Sales of new single-family houses in April 2026 were at a seasonally-adjusted annual rate of 622,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.2 percent (12.8 percent)* below the March 2026 rate of 663,000, and is 11.3 percent (11.5 percent)* below the April 2025 rate of 701,000. Mind that the new home sales and housing starts data can be very volatile month to month, with constant revisions."
"With 489,000 homes for sale and 9.4 months supply, builders remain cautious as completed inventory stays elevated. This doesn't mean no homes are getting built, but we need to have a better understanding of why housing starts haven't gotten traction for years now. It's basic supply and demand economics with a touch of the fact that the builders aren't the March of Dimes, they're here to make money."
"If I take the COVID bump away and the 2022 low in sales, new home sales have gone nowhere for many years. Still, new home sales are trending at 2019 sales levels. Now, if I could say that about the existing home sales market, that would mean existing home sales would be 1 to 1.3 million higher than today's levels. So, new home sales have clearly outperformed the ex"
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