Commercial

New-Home Market Faces Slower Sales, Lower Prices

New-home sales fell 5.3% year over year in September, while median and average sales prices declined.

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Sales of new single-family houses in September were at a seasonally adjusted annual rate of 676,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.

The total is 0.6% below the August 2026 rate of 680,000, and is 5.3% below the September 2025 rate of 714,000.

Last month, the median sales price of new houses sold was $400,400, or 3.9% above the August 2026 price of $385,400, and is 3.9% below the September 2025 price of $416,800.

In addition, the average sales price of new houses sold in September was $472,800. This is 0.4% above the August 2026 price of $470,800, and is 6.7% below the September 2025 price of $506,800.

The seasonally adjusted estimate of new houses for sale at the end of September was 476,000, which represents a supply of 8.4 months at the current sales rate.

The for-sale inventory is 1% below the August 2026 estimate of 481,000 and is 2.3% below the September 2025 estimate of 487,000. The month’s supply is 1.2% below the August 2026 estimate of 8.5 months and is 2.4% above the September 2025 estimate of 8.2 months.

About the Author

Symone Strong

Symone is the managing editor of Builder. She earned her B.S. in journalism and a minor in business communications from Towson University.

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