US New Home Sales At 7-Year High


New U.S. single-family home sales surged 7.8 percent to a seasonally adjusted annual rate of 539,000 units, the highest level since February 2008.

January's figure was revised up to 500,000 units from the previously reported 481,000 units.
   
The gains were reported in spite of cold and snowy weather in the large parts of United States in the last half of February. Sales jumped 152.9 percent in the Northeast, but fell 12.9 percent in the Midwest. Sales in the South rose 10.1 percent but in the West decreased 6.0 percent. 

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.


US New Home Sales At 7-Year High


U.S. Census Bureau | anna@tradingeconomics.com
3/24/2015 2:15:12 PM