U.S. New-Construction Single-Family Home Sales By Month, in Thousands of Units, since 2000*
140
With the number of re-sale home listings coming on market severely depressed, new-construction home sales have increased as a percentage of total, national sales. But, due to affordability issues tied to interest rates, actual sales volumes are down from 2020-2021.
2004-2005
120
100
2020-2021
80
Subprime boom
60
40
Pandemic hits ▲
20
Market crash & foreclosure crisis
Updated through October 2024
0
*Sources: U.S. Census & Department of Housing and Urban Development, from Federal Reserve Bank of St. Louis: https://fred.stlouisfed.org/series/HSN1FNSA. Not seasonally adjusted. Data from sources deemed reliable but may contain errors and subject to revision. Last month’s estimate is preliminary reading. All numbers approximate.
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