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US new home sales drop to near 3-1/2-year low in January
- In January, the U.S. Census Bureau reported newly built‑home sales fell 17.6% month‑over‑month to a 587,000 seasonally adjusted annualized pace, the slowest since 2022.
- Rising inventories to a 9.7‑month supply and mortgage rates near 6.36%–6.2% in January caused weaker demand, leading to a decline in new home sales, according to Mortgage News Daily and the U.S. Census Bureau.
- Regional data show sales plunged most in the Northeast and Midwest, while the West fell nearly 22%, as builders increased incentives and 37% cut prices in March, NAHB said.
- December sales were revised lower and housing analysts had expected a much smaller drop, underscoring downside surprises in the data.
- Year‑over‑year figures show sales down 11.3% from January 2025, with 30‑year mortgage rates around 6.36%–6.2% and rising supply likely to pressure the market further.
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Mish Talk - Global Economic Trend Analysis
Mish Talk - Global Economic Trend AnalysisNew Home Sales Crash 17 Percent in January – Still No Affordability
by Mish Shedlock, Mish Talk: New Home Sales are the lowest since November of 2022. The Bloomberg consensus was 728,000 vs actual 587,000. So, this was not expected. The Census Bureau’s New Residential Construction Report for January 2026 shows a decline in sales of 17.6 percent. This is the lowest new home sales since November of 2022. […]
US new home sales fall more than expected
·Belgrade, Serbia
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Sales of new homes and apartments in the United States fell 17.6 percent in January from December to an annualized rate of 587,000 units. The decline was 11.3 percent year-on-year. These are the worst sales since 2022, the U.S. Commerce Department reported late today.
Coverage Details
Total News Sources18
Leaning Left0Leaning Right4Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
C 56%
R 44%
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