24.06.202614:07:01UTC+00US New Home Sales Fall for 2nd Month

Sales of new single-family homes in the United States fell 7.3% in May 2026 from the previous month, to a seasonally adjusted annual rate of 580,000 units—the lowest level in four months. This followed an upwardly revised 626,000 pace in April and came in well below market expectations of 640,000. It was the second consecutive monthly decline in new home sales, as elevated mortgage rates continued to weigh on demand.

Regionally, sales dropped 26.9% in the West, to 117,000 units, and were down 4.1% in the South, to 350,000 units. By contrast, sales increased 3% in the Northeast, to 34,000 units, and surged 16.2% in the Midwest, to 79,000 units.

At the same time, housing inventory rose to 496,000 units, representing 10.3 months of supply at the current sales pace—the highest months’ supply since 2009. The median sales price edged up to $424,900, compared with $416,500 in April and $424,800 in May of the previous year.