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New Home Sales in February 2021 at annual rate of 775,000
New Home Sales
Sales of new single-family houses in February 2021 were at a seasonally adjusted annual rate of 775,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 18.2 percent (±13.9 percent) below the revised January rate of 948,000, but is 8.2 percent (±21.7 percent)* above the February 2020 estimate of 716,000.
The median sales price of new houses sold in February 2021 was $349,400. The average sales price was $416,000.
For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of February was 312,000. This represents a supply of 4.8 months at the current sales rate.
Posted: March 23, 2021 Tuesday 10:00 AM