Keeping you up to date on the latest data releases.
- New Home Sales
New single-family home sales fell 4.6 percent in February, but are up 12.3 percent over the past 12 months to a seasonally-adjusted annualized rate of 411,000 units sold. Regionally, the Northeast experienced the sharpest declines, down 13.3 percent for the month and 10.3 percent annually. The median sales price rose roughly three percent on a monthly and annual basis to $246,800. Meanwhile, the inventory of new homes for sale ticked up to 152,000 units, representing a 4.4 month supply at the current sales pace.