New Home Sales Reach Seven-Month High – NMP
Industry News

New Home Sales Reach Seven-Month High

Mar 05, 2019
Sales of new single-family houses in December 2018 were at a seasonally adjusted annual rate of 621,000

Sales of new single-family houses in December 2018 were at a seasonally adjusted annual rate of 621,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. The December sales were 3.7 percent above the revised November rate of 599,000, but were 2.4 percent below the December 2017 estimate of 636,000.
 
December’s sales level marked the highest level since May 2018. As for the entire year of 2018, an estimated 622,000 new homes were sold, up by 1.5 percent from the 613,000 transactions in 2017.
 
During December, the median sales price of new houses sold was $318,600 and the average sales price was $377,000. The seasonally-adjusted estimate of new houses for sale at the end of December was 344,000, which represents a 6.6-month supply at the current sales rate.
 
About the author
Phil Hall
Link copied
Published
Mar 05, 2019
Get the NMP Daily
Industry News
Newfi And Addy AI Announce Partnership

Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending

Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending.Newfi has built innovative lending products and a modern approach to the mortgage market. As the industry evolves, the company continues to exp...

Continue reading
Analysis and Data
Smaller Down Payments Give Buyers More Room, But Rates Limit The Savings

The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country

Homebuyers are putting less money down than they were a year ago, another sign that increased inventory and greater negotiating room are changing the purchase market.The typical down payment fell to $27,100 in the second quarter of 2026, the lowest second-quarter dollar amou...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
CHLA: More Freddie Mac MBS Buying Could Narrow Mortgage Spreads

Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying

Industry News
Sep 23, 2026
Early Loan-Limit Race Splits Into Three Tiers

Lenders are now offering $845,000, $847,440, or $850,000 before FHFA sets the official 2027 limits

Industry News
Sep 23, 2026
Better, Garg Clash Over Claimed 46% Shareholder Support

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

C-Suite Strategies
Sep 23, 2026
Fannie Changes How Rent From A Former Home Counts

Fannie now prohibits leases for departing residences and permits market-analysis tools instead of Form 1007, creating a key documentation difference from Freddie Mac

Regulation and Compliance
Sep 22, 2026
MPF Expands Eligibility For Manufactured And Renovation Loans

The Mortgage Partnership Finance Program has expanded MPF Traditional eligibility for affordable loans, manufactured homes, renovations, and lender-funded assistance

Industry News
Sep 22, 2026