AI Data Insight
The latest US Q2 2026 (May) median sales price of new homes reached $424,900, slightly up from the previous reading of $422,500. However, while prices remain firm, constrained by high mortgage rates, annualized new home sales unexpectedly fell to 580,000 units, well below the market consensus of 640,000 units. As builders' months' supply of inventory climbs to 10.3 months, the housing market will face severe destocking pressure in the short term.