Market conditions continue to present mixed signals for potential homebuyers. Economic uncertainty and elevated mortgage rates are creating headwinds, while other factors are drawing buyers back to the market.
“A cloudier economic outlook and elevated mortgage rates continues to weigh on potential buyers, while growing inventory, builder incentives, and lower prices have brought some buyers back to the market,” Kan said. “As a result, we continue to see home sales ebb and flow.”
The MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 667,000 units in June 2025. This represents a 5.7% increase from May’s pace of 631,000 units.
“MBA’s estimate of new home sales increased to a sales pace of 667,000 units, up on a monthly and annual basis,” Kan noted.
On an unadjusted basis, the association estimates 55,000 new home sales occurred in June, down 5.2% from May’s 58,000 sales.