The New Residential Construction report shows jump in sales much greater than the Bloomberg consensus range of 625,000 to 680,000.

New Home Sales

Sales of new single-family houses in August 2025 were at a seasonally-adjusted annual rate of 800,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 20.5 percent (±21.8 percent)above the July 2025 rate of 664,000, and is 15.4 percent (±25.1 percent) above the August 2024 rate of 693,000.

For Sale Inventory and Months' Supply

The seasonally-adjusted estimate of new houses for sale at the end of August 2025 was 490,000. This is 1.4 percent (±1.3 percent) below the July 2025 estimate of 497,000, and is 4.0 percent (±5.2 percent) above the August 2024 estimate of 471,000.

This represents a supply of 7.4 months at the current sales rate. The months' supply is 17.8 percent (±16.2 percent) below the July 2025 estimate of 9.0 months, and is 9.8 percent (±17.2 percent) below the August 2024 estimate of 8.2 months.

Sales Price

The median sales price of new houses sold in August 2025 was $413,500. This is 4.7 percent (±7.3 percent) above the July 2025 price of $395,100, and is 1.9 percent (±9.1 percent) above the August 2024 price of $405,800.

The average sales price of new houses sold in August 2025 was $534,100. This is 11.7 percent (±9.5 percent) above the July 2025 price of $478,200, and is 12.3 percent (±10.3 percent) above the August 2024 price of $475,600.

New Homes For Sale By Stage of Construction

The supply of completed homes for sale is the most since July of 2009.

I don't consider vacant land a home for sale, but the census department does.

Of the alleged 490,000 homes for sales, 105,000 have not been started. The other numbers are historically on the high side.

124,000 homes are completed and unsold. This is the most since July of 2009.