New Home Sales Down 18.2% Year-Over-Year

The U.S. Government is reporting that sales of new single-family houses in February, 2021 were at a seasonally adjusted annual rate of 775k which is 18.2% lower than January’s revised rate and is 8.2% higher than one year ago. The median sales price of new houses sold in January was $349,400 with an average sales price of $416,000. There were an estimated 312k new houses for sale at the end of December representing a 4.8-month supply at the current sales rate. Continue reading HERE...