New-home sales slip 0.6% in September as August is revised lower
Sales ran at an annual pace of 676,000; the median price was lower than a year earlier.
Sales of new U.S. single-family homes slipped 0.6% in September to a seasonally adjusted annual rate of 676,000. August's pace was revised down to 680,000 from the initially reported 684,000, so the latest decline partly reversed that month's gain.
The September sales pace was 5.3% below a year earlier. The median sale price was $400,400, down 3.9% from September 2025 but up 3.9% from August. That distinction matters: a lower year-on-year price does not mean prices fell during the latest month.
The supply of new homes for sale fell to 476,000 from 481,000 in August. At September's sales pace, the inventory represented 8.4 months of supply, compared with 8.5 months in August. The annualized sales figure is a rate, not the number of homes actually sold in September.
The figures add a housing reading to a morning that also brought stronger consumer confidence and a rise in durable-goods orders. They describe different parts of the economy: a rebound in survey confidence does not require home sales to improve at the same time.
