Sales in the West rose 38.5 percent, rebounding from a 32.7 percent drop in January. In contrast, sales in the South declined 4.1 percent (+4.6 percent in January), those in the Midwest fell 17.9 percent (-4.3 percent in January) and sales in the Northeast slumped 24.2 percent (+17.8 percent in January).
The median sales price of new houses sold in February increased to $301,400 from $283,900 in January while the average sales price went down to $348,900 from $363,400.
The stock of new houses for sale was 240,000 (236,000 in January). This represents a supply of 5.6 months at the current sales rate, the same as in January.
Year-on-year, new home sales shrank 6.1 percent in January.