Research >> Economics
New Home Sales in February at annual rate of 539,0000
Sales of new single-family houses in February 2015 were at a seasonally adjusted annual rate of 539,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.8 percent (±15.2%)* above the revised January rate of 500,000 and is 24.8 percent (±20.4%) above the February 2014 estimate of 432,000.
The median sales price of new houses sold in February 2015 was $275,500; the average sales price was $341,000. The seasonally adjusted estimate of new houses for sale at the end of February was 210,000. This represents a supply of 4.7 months at the current sales rate.
Posted: March 24, 2015 Tuesday 10:00 AM