US new home sales down 4.4 percent in February

Thursday, 26 March 2020 19:57:46 (GMT+3)   |   San Diego
       

Sales of new single-family houses in February 2020 were at a seasonally adjusted annual rate of 765,000, according to estimates released jointly by the US Census Bureau and the Department of Housing and Urban Development. This is 4.4 percent (±14.8 percent) below the revised January rate of 800,000, but is 14.3 percent (±17.5 percent) above the February 2019 estimate of 669,000.

The median sales price of new houses sold in February 2020 was $345,900.  The average sales price was $403,800. 

The seasonally-adjusted estimate of new houses for sale at the end of February was 319,000.  This represents a supply of 5.0 months at the current sales rate.


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