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Sales of new single-family homes in the US increased 1.6% month-over-month to a seasonally adjusted annualized rate of 628 thousand in June 2026, following a revised 4.3% drop to 618 thousand in May and compared to forecasts of 610 thousand. The increase, the first in three months, likely reflected continued discounting by builders, who have been offering incentives and reducing prices to support demand amid challenging market conditions. Sales rose in the South (9.9% to 412 thousand), the Northeast (3.6% to 29 thousand), and the Midwest (2.5% to 83 thousand), but fell 22.4% to 104 thousand in the West. Meanwhile, housing supply edged down 0.2% to 485,000 units, equivalent to 9.3 months of supply at the last sales rate. Also, the median sales price of homes was at $398,300, compared to $412,000 in May and $409,200 a year earlier.
