US New Home Sales Drop 6.2% in April as Housing Supply Climbs and Prices Jump

Sales of new single-family homes in the United States fell sharply in April 2026 as higher inventory and rising prices weighed on the housing market, according to joint data released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. New home sales dropped 6.2% from March to a seasonally adjusted annual rate of 622,000 units. Sales were also 11.3% lower than April 2025 levels. The South remained the largest housing market with 370,000 homes sold, while sales in the Midwest recorded the steepest monthly decline, falling 25.0%. Housing inventory continued to rise during the month. New houses for sale increased 1.7% to 489,000 units, representing a 9.4-month supply at the current sales pace, up from 8.7 months in March. The median sales price of new homes climbed 8.0% from the previous month to $422,500, while the average sales price rose to $508,800. Homes priced between $300,000 and $399,999 accounted for the largest share of sales in April, representing 30% of all new homes sold.