HSN1F · as of 2026-09-01
New Home Sales
New One Family Houses Sold - United States
View on FRED · HSN1F ↗676k
yoy
▼ 5.32%
121 obs · monthly · thousands── 1y ago 714k
What it is
Demand at the new-construction end. Leads resale price moves.
- source
- FRED
- frequency
- monthly
- units
- thousands
- s.a.
- yes
Note: SAAR.
What it’s telling us · as of 2026-09-01
New home sales sit at 676k annualized in September, down 5.3% from a year ago — a sustained softness that's now showing up in month-to-month chop rather than falling off a cliff. The recent prints (630k–680k range over the past six months) show builders caught between tighter financing and buyer hesitation, which means the supply pipeline is already contracting before you see it in new-construction starts. For investors underwriting acquisitions, this is the signal that resale inventory won't get swamped by new homes hitting the market — less deflationary pressure on existing-home prices, but also less evidence that buyers are coming back strong.
⟡ auto-generated weekly · claude-haiku-4-5 · reviewed before publish
Related metrics
Get the data
Python · fredapi
"""
New Home Sales — Demand at the new-construction end. Leads resale price moves.
Freq: monthly · Source: FRED
"""
from fredapi import Fred
fred = Fred(api_key="YOUR_FRED_API_KEY")
series = fred.get_series("HSN1F")
print(series.tail())LLM prompt
You are analyzing FRED series HSN1F — New One Family Houses Sold - United States. Context: Demand at the new-construction end. Leads resale price moves. Attributes - Units: thousands - Frequency: monthly - Source: FRED Latest observation: 676k as of 2026-09-01 Year-over-year change: -5.32% Analyze this metric for a tech-forward real estate investor with 1–3 properties. What is it signaling right now? What should I watch next?