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New Home Sales Sink Nearly 20% To Lowest Level Since 2022

Seeking Alpha
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U.S. new home sales plunged 19.7% in January to 587,000 units, the lowest since 2022, per Census Bureau data, marking a sharp decline from December’s revised 731,000 rate. The average 30-year fixed mortgage rate held at 6.15% in January 2026, per Freddie Mac, sustaining elevated borrowing costs that likely deterred buyers amid persistent affordability challenges. Median new home prices dipped to $400,500—the lowest in six months—though remained above $400,000 for a sixth consecutive month, signaling lingering inflationary pressures in housing. The drop defied analyst expectations, suggesting weaker demand despite a slight easing in mortgage rates from late 2025 peaks, raising concerns about housing market stability. Economists link the slump to high financing costs, stagnant wages, and limited inventory, compounding broader economic uncertainty as the Fed’s rate hikes continue to ripple through markets.
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Advisor Perspectives Charts6.59K FollowersFollow5ShareSavePlay(5min)CommentsSummaryAccording to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 587,000 in January.According to Freddie Mac, the average 30-year fixed-rate mortgage in January 2026 was 6.15%.The median price for a new home remained above $400,000 for a sixth straight month but fell to its lowest level over the same time frame, coming in at $400,500. phakphum patjangkata/iStock via Getty Images By Jennifer Nash New home sales unexpectedly sank to their lowest level since 2022 in January. According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 587,000 in January. This representsThis article was written byAdvisor Perspectives Charts6.59K FollowersFollowAdvisor Perspectives is a leading interactive publisher for Registered Investment Advisors. Our AP Charts & Analysis portion of our website analyzes economic and market trends.

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