BUILDERS
of Home Builders( NAHB) and a home builder seasonal effects, the July reading of 607,000 and remodeler from Worthington, Ohio.“ NAHB units is the number of homes that would sell if surveys show that a majority of builders this pace continued for the next 12 months. continue to offer sales incentives, including New single-family home inventory in July mortgage rate buydowns, to support new rose to 488,000 units, up 1.9 % from June, and home sales.” down 1.6 % compared to a year ago. This“ The single-family home building market is represents an elevated 9.6 months’ supply at
on track for a second consecutive annual the current building pace, the highest measure Sales of newly built single-family homes decline in 2026,” said NAHB Chief Economist since January.
declined 10.5 % in July to a seasonally Robert Dietz.“ New home sales are down The median new home sales price in July fell adjusted annual rate of 607,000, following a more than 4 % on a year-to-date basis. NAHB 2.3 % from June to $ 393,800 and was down sharply upwardly revised June estimate, research and economic data show community 0.9 % from a year ago. The new home sales according to newly released data from the builders continue to outperform the broader market is showing relative strength at the U. S. Department of Housing and Urban market, while the Northeast remains a relative higher end of the market. The market share of Development and the U. S. Census Bureau. bright spot, with new home sales up nearly 9 % new home sales priced above $ 800,000 The pace of new home sales was 6.3 % lower year-to-date.” increased from 5 % a year ago to 8 % in July. than a year earlier.
A new home sale occurs when a sales Regionally, on a year-to-date basis, new“ New home sales fell in July to their slowest contract is signed, or a deposit is accepted. home sales are up 8.8 % in the Northeast but
pace since the start of the year as affordability The home can be in any stage of construction: fell in the other three regions, with declines of challenges limited home buyer traffic,” said Bill not yet started, under construction or
6.4 % in Midwest, 3.7 % in the South and 6.4 %
Owens, chairman of the National Association completed. In addition to adjusting for in the West.
2026Issue8 BuildersOutlook
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VOL 2026 ISSUE 8
BUILDERSOUTLOOK
PUBLISHED BY THE EL PASO ASSOCIATION OF BUILDERS: NATIONAL, STATE AND LOCAL HOME BUILDING INDUSTRY NEWS
Economic Uncertainty, Affordability Challenges Weigh on New Home Sales
Elevated borrowing costs, rising inflation and broad economic uncertainty continue to curb buyer demand and hold back new home sales. n EXECUTIVE OFFICERS President Lydia Mlouhi, Crown Heritage Custom Homes Vice President Edgar Garcia, Bella Vista Homes Secretary Anthony Murillo, Millennial Homes Immediate Past President. Victor Robles, Maravilla Homes Associates VP Angelique Adauto Roman, True Title El Paso Executive Vice President Ray Adauto, EPAB n BOARD OF DIRECTORS Ricardo V, Aguilar, Savannah A Homes Kathy Carrillo, Nusenda Credit Union John Chaney, Hercules Industries Juanita Garcia, Icon Custom Homes Raul Gonzalez, Rocky Mountain Mortgage Company Samira Lopez, Reva Living, Llc Sandra Lucero, Builders Source Appliance Gallery Anthony Murillo, Millennial Homes Leticia Navarrete, Explicitly Signature Homes Kathy Parry, Hunt Communities Victoriano Ramos, Dekora Design & Construction Randall Smith, Randall Smith Cpa Financial Services Victor Rejino, Maravilla Homes Luis Rosas, Hub International Courtney Yeatman, Weststar nLIFE MEMBERS John Chaney Mark Dyer Wayne Grinnell Rudy Guel Don Henderson Brad Roe
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