According to the US Department of Housing and Urban Development and the US Census Bureau, sales of newly built, single-family homes in the US increased by 7% to a seasonally adjusted annual rate of 646,000 units in June 2019 from a downwardly revised reading in May 2019. On a year-to-date basis, new home sales for 2019 are 2.2% higher than the same period in 2018.

The federal funds (interest) rate in the US is currently set in a range of 2.25% to 2.50%. However, traders of futures tied to the rate have priced in a full percentage-point drop by the end of next year.

The inventory of new homes for sale was 338,000 in June, representing a 6.3 months' supply. The median sales price was $310,400, nearly identical to the $310,500 median price from a year earlier.

Regionally, and on a year-over-year basis, new home sales are 19.4% higher in the West and 9.5% higher in the South. However, sales are down 50% in the Northeast and 17.6% in the Midwest.