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Sales of newly built homes fell by more than expected in January, hitting their lowest level since 2022, the latest federal government figures suggest.
New single-family home sales came in at a seasonally adjusted annual rate of 587,000 in January, the U.S. Census Bureau said on Thursday. That was down 17.6 percent from the downwardly revised December 2025 reading of 712,000 and 11.3 percent below the level recorded in January 2025.
The slowdown in sales pushed inventory higher. The supply of new homes on the market rose to 9.7 months in January, meaning it would take that long to clear the existing inventory at the current sales pace. That was up from 8.0 months in December and 7.8 percent higher than the 9.0-month supply estimated a year earlier….
New single-family home sales came in at a seasonally adjusted annual rate of 587,000 in January, the U.S. Census Bureau said on Thursday. That was down 17.6 percent from the downwardly revised December 2025 reading of 712,000 and 11.3 percent below the level recorded in January 2025.
The slowdown in sales pushed inventory higher. The supply of new homes on the market rose to 9.7 months in January, meaning it would take that long to clear the existing inventory at the current sales pace. That was up from 8.0 months in December and 7.8 percent higher than the 9.0-month supply estimated a year earlier….
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