US New Home Sales Fall More Than Expected

Sales of new single-family houses in February of 2014 were at a seasonally adjusted annual rate of 440 thousand. This is 3.3 percent below the revised January rate of 455,000 and is 1.1 percent below the February 2013 estimate of 445,000.
U.S. Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com 3/25/2014 2:09:31 PM
Sales in the Northeast fell 32.4 percent, the biggest decline since October of 2012 and declined 1.5 percent in the South and 15.9 percent in the West. They surged 36.7 percent in the Midwest.

The median sales price of new houses sold in February 2014 was $261,800; the average sales price was $317,500. The seasonally adjusted estimate of new houses for sale at the end of February was 189,000. This represents a supply of 5.2 months at the current sales rate.

US New Home Sales Fall More Than Expected