Sales topped forecasts after a revised May decline, with gains in the South, Northeast and Midwest offsetting a sharp drop in the West as inventory edged lower and median prices fell.
US sales of new single-family homes rose 1.6% month over month to a seasonally adjusted annualized rate of 628,000 in June 2026, beating forecasts of 610,000 after May was revised to a 4.3% decline at 618,000. Demand increased in the South, Northeast and Midwest, while the West posted a steep drop. Housing supply slipped 0.2% to 485,000 units, representing 9.3 months of supply at the current sales pace. The median sales price fell to $398,300 from $412,000 in May and $409,200 a year earlier, pointing to continued pressure in a housing market still adjusting to elevated inventory and uneven regional demand.