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New Home Sales Crash 17 Percent in January – Still No Affordability
The Bloomberg consensus was 728,000 vs actual 587,000. So, this was not expected.
The Census Bureau's New Residential Construction Report for January 2026 shows a decline in sales of 17.6 percent.
This is the lowest new home sales since November of 2022.
New Home Sales
Sales of new single-family houses in January 2026 were at a seasonally-adjusted annual rate of 587,000.
This is 17.6 percent (±13.3 percent) below the December 2025 rate of 712,000, and is 11.3 percent (±15.6 percent) below the January 2025 rate of 662,000.
The margins of error in these reports are high. The Census Bureau does not have a lot of confidence in their numbers, and neither do I.
New Home Sales Long Term
