After having held relatively steady in recent months, new home sale prices have resumed falling. The chart below shows the raw median and average new home sale prices reported by the U.S. Census Bureau since January 2000, where we have to go back to early January 2017 to find similarly low prices.
After smoothing out the month-to-month volatility in the data for median new home sale prices by calculating its rolling twelve-month average, we can confirm the resumption of the falling trend that originally began in October 2018 in the following chart that focuses on