2026.08.2514:00:00UTC+00U.S. New Home Sales Plunge 10.5% in July, Reversing June’s Modest Gains

New home sales in the United States dropped sharply in July 2026, with the month-over-month indicator falling to -10.5%, according to data updated on 25 August 2026. The decline marks a stark reversal from June 2026, when new home sales had posted a modest 1.6% month-over-month increase.

The shift from June’s positive reading to July’s double-digit contraction underscores a sudden cooling in the new housing market. On a month-over-month comparison basis, July’s result shows that the pace of new home purchases weakened notably compared with the previous month, erasing the incremental improvement seen in June.