January new home sales plunge to the lowest pace since 2022

[Zincwarrior]

Home sales fell 11.3% year over year January 2025 vs. January 2026. Prices sold also fell 6.8%​

​

January new home sales plunge to the lowest pace since 2022​

January new home sales plunge to the lowest pace since 2022

New home sales fell to the lowest level in four years, despite lower interest rates and builder incentives.

www.cnbc.com

Key Points

• Sales of newly built homes in January were 11.3% lower than January 2025, according to the U.S. Census Bureau.
• The median price of a home sold in January was $400,500, a decline of 6.8% year-over-year.
• The inventory of homes for sale rose to a 9.7-month supply.

Sales of newly built homes in January dropped 17.6% month over month to a seasonally adjusted, annualized pace of 587,000 units, according to the U.S. Census Bureau. That is the slowest pace since 2022.

Housing analysts had been expecting a much smaller decline.

Sales were also 11.3% lower than in January 2025, according to the U.S. Census, which is still delayed in its reporting due to last year’s government shutdown. December sales were also revised lower.

This count is based on signed contracts, so people who were out shopping when mortgage rates were lower than they are today. The average rate on the 30-year fixed loan hovered between 6% and 6.2% during January, according to Mortgage News Daily. It is currently at 6.36%.

As a result, the inventory of homes for sale rose to a 9.7-month supply, up from eight months in December, according to the U.S. Census. That is 7.8% higher than January 2025.

More supply and less demand led builders to drop prices. The median price of a home sold in January was $400,500, the agency said, a decline of 6.8% year-over-year. Prices for existing homes are still flat nationally, but builders report increasing incentives to get buyers in the door.

Data from March does not appear to be any better. An estimated 37% of builders cut prices in March, an increase from February’s 36%, according to the National Association of Home Builders.

Sales were lower across the nation, but they dropped the most in the Northeast and Midwest, where rough winter weather could have had an impact. However, sales were down nearly 22% from December in the West, where weather would not have played a part.

 

[Manonthestreet]

Good we are looking to buy closer to number 1 daughter.

 

[Oddball]

Yet that phuckbag Powell won't lower rates.

 

[1srelluc]

Meh, I see it as a good thing to cool off the housing market a bit.

Still strong in my AO.

“With more homes available and steady transaction activity, the region is moving toward a more balanced market in 2026.”

“What we are seeing now is a market that is becoming more deliberate. Homes are still selling, and sales volume continues to grow, but buyers are gaining the time and flexibility to make thoughtful decisions. That is a positive development for long-term market stability.”

- March NVAR report

They just cleared out a patch of woods to build 50 homes just down the road from me.

Not real thrilled about a bunch more transplants moving into the area but in the proffer they have to straighten out a dangerous S-Turn adjacent to the property that I travel on every day.

I understand it's going to be marketed to Catholics as it's close to a Catholic College. No idea how that's done but a mess of them have moved into the existing adjacent subdivision.

 

[Manonthestreet]

Let Them prices drop.......looking to buy something closer to daughter

 

[1srelluc]

LOL....Thread is not going the way the OP expected.

 

[Nuthin' Fancy]

Home sales fell 11.3% year over year January 2025 vs. January 2026. Prices sold also fell 6.8%​

​

January new home sales plunge to the lowest pace since 2022​

January new home sales plunge to the lowest pace since 2022

New home sales fell to the lowest level in four years, despite lower interest rates and builder incentives.

www.cnbc.com

Key Points

• Sales of newly built homes in January were 11.3% lower than January 2025, according to the U.S. Census Bureau.
• The median price of a home sold in January was $400,500, a decline of 6.8% year-over-year.
• The inventory of homes for sale rose to a 9.7-month supply.

Sales of newly built homes in January dropped 17.6% month over month to a seasonally adjusted, annualized pace of 587,000 units, according to the U.S. Census Bureau. That is the slowest pace since 2022.

Housing analysts had been expecting a much smaller decline.

Sales were also 11.3% lower than in January 2025, according to the U.S. Census, which is still delayed in its reporting due to last year’s government shutdown. December sales were also revised lower.

This count is based on signed contracts, so people who were out shopping when mortgage rates were lower than they are today. The average rate on the 30-year fixed loan hovered between 6% and 6.2% during January, according to Mortgage News Daily. It is currently at 6.36%.

As a result, the inventory of homes for sale rose to a 9.7-month supply, up from eight months in December, according to the U.S. Census. That is 7.8% higher than January 2025.

More supply and less demand led builders to drop prices. The median price of a home sold in January was $400,500, the agency said, a decline of 6.8% year-over-year. Prices for existing homes are still flat nationally, but builders report increasing incentives to get buyers in the door.

Data from March does not appear to be any better. An estimated 37% of builders cut prices in March, an increase from February’s 36%, according to the National Association of Home Builders.

Sales were lower across the nation, but they dropped the most in the Northeast and Midwest, where rough winter weather could have had an impact. However, sales were down nearly 22% from December in the West, where weather would not have played a part.

Advice for buying a new home is the same for buying a new vehicle...................DON'T.
BOTH are junk.

 

[Thinker101]

Home sales fell 11.3% year over year January 2025 vs. January 2026. Prices sold also fell 6.8%​

​

January new home sales plunge to the lowest pace since 2022​

January new home sales plunge to the lowest pace since 2022

New home sales fell to the lowest level in four years, despite lower interest rates and builder incentives.

www.cnbc.com

Key Points

• Sales of newly built homes in January were 11.3% lower than January 2025, according to the U.S. Census Bureau.
• The median price of a home sold in January was $400,500, a decline of 6.8% year-over-year.
• The inventory of homes for sale rose to a 9.7-month supply.

Sales of newly built homes in January dropped 17.6% month over month to a seasonally adjusted, annualized pace of 587,000 units, according to the U.S. Census Bureau. That is the slowest pace since 2022.

Housing analysts had been expecting a much smaller decline.

Sales were also 11.3% lower than in January 2025, according to the U.S. Census, which is still delayed in its reporting due to last year’s government shutdown. December sales were also revised lower.

This count is based on signed contracts, so people who were out shopping when mortgage rates were lower than they are today. The average rate on the 30-year fixed loan hovered between 6% and 6.2% during January, according to Mortgage News Daily. It is currently at 6.36%.

As a result, the inventory of homes for sale rose to a 9.7-month supply, up from eight months in December, according to the U.S. Census. That is 7.8% higher than January 2025.

More supply and less demand led builders to drop prices. The median price of a home sold in January was $400,500, the agency said, a decline of 6.8% year-over-year. Prices for existing homes are still flat nationally, but builders report increasing incentives to get buyers in the door.

Data from March does not appear to be any better. An estimated 37% of builders cut prices in March, an increase from February’s 36%, according to the National Association of Home Builders.

Sales were lower across the nation, but they dropped the most in the Northeast and Midwest, where rough winter weather could have had an impact. However, sales were down nearly 22% from December in the West, where weather would not have played a part.

So now lower home prices is a bad thing?

 

[Zincwarrior]

Advice for buying a new home is the same for buying a new vehicle...................DON'T.
BOTH are junk.

I believe these are existing homes.

 

[1srelluc]

Advice for buying a new home is the same for buying a new vehicle...................DON'T.
BOTH are junk.

Yeah, particle board has come a long way but damn! No wonder they race to cover it up with "home wrap" before prospective buyers see it.

 

[Nuthin' Fancy]

I believe these are existing homes.

Sales of newly built homes in January dropped 17.6% month over month to a seasonally adjusted, annualized pace of 587,000 units, according to the U.S. Census Bureau. That is the slowest pace since 2022.

 

[Zincwarrior]

Sales of newly built homes in January dropped 17.6% month over month to a seasonally adjusted, annualized pace of 587,000 units, according to the U.S. Census Bureau. That is the slowest pace since 2022.

My bad, sorry.

 

[luiza]

Interesting that anybody is choosing to buy a house when prices and the country itself are about to fall off the cliff top .
Perhaps it is down in Silly Hilly Billy country -- Texarse possibly .