Keeping you up to date on the latest data releases.
- New Home Sales
New single-family home sales fell 1.6 percent in February to a seasonally-adjusted annual rate of 313,000 units. February’s decline follows a downwardly revised decline of 5.4 percent to 318,000 (initial 321,000) seasonally-adjusted annualized units in January. On a year-over-year basis, sales of new single-family homes are up 11.4 percent. Regionally, sales were strongest in the Northeast and West, increasing 14.3 percent and 8.0 percent respectively. Comparatively, sales fell in the Midwest and South, declining 2.4 percent and 7.2 percent, respectively. The median and average sales price rose in February, with the median sales price increasing 8.3 percent to $233,700 and the average sale price improving 2.2 percent to $267,700. Finally, the seasonally adjusted estimate of new single-family homes for sale at the end of February stood at 150,000 units, representing 5.8 months of supply at the current sales rate.