New-Home Sales Fall Year-Over-Year as Prices Decline
According to joint estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), new single-family house sales in September 2026 reached a seasonally-adjusted annual rate of 676,000 units.
This figure represents a decline of 0.6% (±13.8%) relative to August 2026’s rate of 680,000 units, and a decrease of 5.3% (±12.5%) compared to September 2025’s rate of 714,000 units.
The seasonally-adjusted count of new houses available for sale as of the end of September 2026 totaled 476,000 units. This reflects a reduction of 1% (±0.9%) from the August 2026 figure of 481,000 units and a decrease of 2.3% (±4%) from the September 2025 figure of 487,000 units.
This inventory level corresponds to an 8.4-month supply based on the prevailing sales rate. The months’ supply declined by 1.2% (±14.7%) relative to August 2026’s estimate of 8.5 months, while increasing by 2.4% (±14.1%) compared to September 2025’s estimate of 8.2 months.
In September 2026, the median sales price for newly constructed houses reached $400,400. This figure represents a 3.9% increase (±6.2%) relative to the August 2026 median price of $385,400, and constitutes a 3.9% decrease (±8.9%) compared to the September 2025 median price of $416,800. The average sales price for newly constructed houses in September 2026 was $472,800.
This amount reflects a 0.4% increase (±6.1%) from the August 2026 average price of $470,800, and represents a 6.7% decline (±6.6%) relative to the September 2025 average price of $506,800.
Note: These statistics are estimated from sample surveys. They are subject to sampling variability as well as nonsampling error including bias and variance from response, nonreporting, and undercoverage.
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