U.S. New Home Sales Uptick in March
U.S. new home sales rose 7.4% in March 2026 to a seasonally adjusted annual rate of 682,000, supported by limited supply in the resale market and a modest easing in mortgage rates. The median new home price declined 6.2% from a year earlier to $387,400.
New home sales in the U.S. increased 7.4% in March 2026 to 682,000 units, up 3.3% from the previous year. The rise is attributed to constrained inventory in the existing-home market and a modest pullback in mortgage rates. Inventory of new single-family homes fell 0.4% to 481,000 units, down 4.6% from a year earlier. The median new home price was $387,400, a 6.2% decline from the previous year. Builders are responding cautiously to improving demand, balancing it against persistent cost and labor constraints. Regional performance varied, with new home sales rising 8.0% in the Midwest and declining in other regions.
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