In June 2025, new single-family house sales reached an annual rate of 627,000, marking a 0.6 percent increase from May 2025, although 6.6 percent lower than June 2024. Inventory levels are rising, particularly the number of completed units for sale, which has reached a cautionary threshold of 119,000. Builders are historically cautious when completed units reach 120,000, delaying new construction projects until sales visibility improves. Current labor levels remain appropriate for existing sales, as sales have not dipped below 2022 levels and the remodeling sector remains strong.
Sales of new single-family houses in June 2025 were at a seasonally-adjusted annual rate of 627,000, which is 0.6 percent above May 2025.
Inventory is rising, but the number of completed units for sale has reached cautionary levels for homebuilders at 119,000.
When the number of completed units approaches 120,000, builders become more conservative about initiating new home projects.
New home sales have yet to fall below 2022 levels, keeping builders with the right amount of labor for current sales.
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