Median New Home Sale Price
The median sales price of new single-family houses sold in the US, from the Census Bureau's New Residential Sales survey — monthly, in dollars, back to 1963. Because it prices actual transactions of newly built homes it reflects both construction costs and the mix of what builders bring to market.
Median new-home price ($)
- YoY %
- -5.8%
Next release: Oct 27, 2026
Latest reading
As of August 2026, New Home Price (Median new-home price ($)) stands at $394K — up from $392K the prior reading, 14% below the October 2022 record of $460K. The October 2022 peak of $460K is the record before and after inflation: $519K in September 2026 dollars, which puts the latest reading ($396K in September 2026 dollars, August 2026) 24% below it. Median new-home prices are mix-sensitive: builders responding to affordability stress by building smaller, cheaper homes can pull the median down without any like-for-like price decline. Read it against the Zillow index (like-for-like values) — when the two diverge, the gap is usually the mix. Series history runs from 1963 to present.
Sources, methodology & freshnessUS Census Bureau via FRED (MSPNHSUS), monthly, not seasonally adjusted · Monthly, with every releaseData as of 2026-08-01 · Open ↓Close ↑
Full history
Price ($)
Year-over-year %
Annual change in the median new-home price. Noisier than repeat-sales indexes — the mix of what builders sell shifts month to month — so read the trend, not single prints.
Real price (September 2026 dollars)
The median new-home sale price restated in September 2026 dollars, so every past reading buys the same basket as today.
Deflated by CPI-U (BLS), matched by month; the latest months appear once CPI is published.
Methodology & data
New Home Price is sourced from Census via the Federal Reserve's FRED service (US Census Bureau via FRED (MSPNHSUS), monthly, not seasonally adjusted). We pull the complete history, chart it on a monthly basis, overlay SPY for context, and generate a dated plain-English reading from the latest release — with no smoothing or adjustment beyond what the chart legend states.
Every reading is stamped with its release date. Latest observation 2026-08-01; site refreshed 2026-10-20. Maintained and reviewed by Yuriy Matso; see our methodology for the standards every series on the site is held to.
Frequently asked questions
What is the Median New Home Sale Price?
The median sales price of new single-family houses sold in the US, from the Census Bureau's New Residential Sales survey — monthly, in dollars, back to 1963. Because it prices actual transactions of newly built homes it reflects both construction costs and the mix of what builders bring to market.
How do you read New Home Price?
Median new-home prices are mix-sensitive: builders responding to affordability stress by building smaller, cheaper homes can pull the median down without any like-for-like price decline. Read it against the Zillow index (like-for-like values) — when the two diverge, the gap is usually the mix.
Where does the New Home Price data come from?
US Census Bureau via FRED (MSPNHSUS), monthly, not seasonally adjusted. We chart the full history and publish a dated, plain-English reading with every release; the raw series is downloadable as CSV at /data/indicators/median-new-home-price.csv.
How often is New Home Price updated?
New Home Price is a monthly series from Census, refreshed here as soon as a new release posts to FRED.
Median new-home price ($)
- YoY %
- -5.8%
Next release: Oct 27, 2026