Sales of new single-family houses in October 2015 were at a seasonally adjusted annual rate of 495,000, up 10.7 percent from last month but below market expectations.

The inventory of properties for sale reached the highest since early 2010 while both median and average prices decreased.

New Home Sales in the United States averaged 654.25 Thousand from 1963 until 2015, reaching an all time high of 1389 Thousand in July of 2005 and a record low of 270 Thousand in February of 2011.

New Home Sales in the United States is reported by the U.S. Census Bureau.