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Washington, D.C. – New Home Sales in September 2021 in the United States increased 14% to a seasonally adjusted annual pace of 800K, up from a downwardly revised 702K in August and well above market expectations of 760K.
It is the highest reading in six months, owing to robust demand and a scarcity of previously inhabited properties for sale. The Northeast (32.3 percent), the South (17.5 percent), and the West (8.2 percent) all had increases, while the Midwest saw a 1.5 percent fall in sales. The median price of a home sold jumped to $408,800, up from $344,400 a year ago. On the market, there were 379K new homes for sale, the same as in August.
United States FHFA House Price Index MoM
The average price of single-family residences in the United States with Fannie Mae and Freddie Mac mortgages increased 1.0 percent from a month earlier, the lowest gain since May 2020 and following a 1.4 percent gain in July.
Seasonally adjusted monthly house price changes in the nine census divisions varied from +0.1 percent in the New England division to +1.9 percent in the South Atlantic division. House prices grew 18.5 percent year over year in August, down from a record high of 19.2 percent in July.
United States FHFA House Price Index YoY2021 Data
In August 2021, the average price of single-family dwellings in the United States with Fannie Mae and Freddie Mac-guaranteed mortgages increased 18.5 percent over the previous year.
