Particle.news
Download on the App Store
23 ARTICLES
·
4d ago

New-Home Sales Surge in August as Existing-Home Market Stalls

Softer borrowing costs and builder incentives steered buyers to new construction.

An aerial view of new residential housing under construction at a planned community on September 17, 2025 in Fontana, California. (Photo by Mario Tama/Getty Images)
A "For Sale" sign stands in front of a house, on the North Shore of Long Island city of Glen Cove, New York, U.S., August 12, 2025. REUTERS/Shannon Stapleton/File Photo
FILE - A development of new homes in Eagleville, Pa., is shown on April 28, 2023. (AP Photo/Matt Rourke, File)
Image

Overview

  • New single-family sales jumped 20.5% month over month to a 800,000 annualized pace, with gains across all regions led by the Northeast (+72.2%), South (+24.7%), Midwest (+12.7%) and West (+5.6%).
  • The median new-home price rose to $413,500, while the number of new homes for sale fell to 490,000 and months’ supply tightened to 7.4 from 9.0 in July.
  • Existing-home sales edged down 0.2% to a 4.00 million annual rate as the median resale price increased 2.0% year over year to $422,600 and inventory held at 1.53 million, equal to 4.6 months’ supply.
  • Homes listed for resale took a median 31 days to sell in August, with sales rising in the Midwest and West and slipping in the Northeast and South.
  • NAHB surveys show many builders cutting prices and offering incentives, and recent mortgage-rate easing supported demand, though economists note new-home data are volatile and broader recovery hinges on improved affordability.