US New-Home Sales jumps at the end of 2024

The sale of new American houses ended 2024 at a high memorandum in December, because customers benefited from incentives from buildersWhich leads to a second consecutive year of raised purchases.

The annual pace of new single -family sales of single -family homes accelerated 3.6% to 698,000 last month, which reflects sharp progress in the west, was shown from the Monday that were released on Monday. The median estimate in a Bloomberg research among economists predicted 675,000 annual turnover. For the entire year, customers bought 683,000 houses, an increase of approximately 2.5% compared to the total of 2023.

In the meantime, median selling prices came back, despite a gradual cooling trend, with an increase of 2.1% to $ 427,000. Prices continue to squeeze consumers and almost 30% have risen since the end of 2019.

The market for new houses has stopped better than that for existing, thanks in part to widespread use by builders of stimuli, Including mortgage interest “buydowns” In which they make payments on behalf of customers in advance to lower the mortgage costs. More than 60% of the builders report with the help of sales incentives, show data from the National Association of Homebuilders, while 30% say they will lower prices. Mortgage interest rates increased to 7% Earlier this month for the first time since July.

This year, the sale of new house must remain “solid” because builders continue to offer customers incentives and adjust their business model to offer smaller, more affordable houses, said mortgage giant Fannie Mae In his Outlook 2025. However, much of the construction will take place in the southern and western mountain states. Of the 750,000 single -family permits issued until October, fifth place in five metropolitan areas: Houston, Dallas, Phoenix, Atlanta and Charlotte, North Carolina, the group said.

In contrast to the existing home market, where the available inventory only slowly rebuilt through historic lows from the Pandemic era, builders have many new houses to show customers. The offer on the market rose to 494,000 in December, the most in 17 years.

In 2025, builders will see the growing competition of the home games market in parts of the US Sun Belt, especially Texas and Florida, said Bloomberg Intelligence Analyst Drew Reading in a note in December. In general, the offer of previous ownership of Huizen is still 17% under pre-buildings, but in Cape Coral, Florida it has risen almost 37% compared to 2019, and it has risen 42% in Austin. For buyers, however, that should help to lower prices, he said.

The monthly pace of the sale of new house in the West rose by more than 20% to a highest point of three months, the data from Monday was shown. In the south – the largest housing region – sales fell by 2.1%, while purchases in the midwest fell by 3.3%. In the northeast they rose nearly 42%.

The sale of new home is seen as a more timely measurement of the activity of the housing market than purchases from previously owned by Huizen, which are calculated when contracts conclude. However, the data is volatile. The government report showed that 90% trust that the change in the sale of new house varied from a decrease from 16.1% to a profit of 23.3%.

The National Association of Realtors will publish data on monthly contracting signs of existing houses with the release of December on Thursday pending home sales figures.