The WPJ
Residential Real Estate News
New Home Sales in U.S. Dip 3% in February
According to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), sales of new single-family houses in the U.S. during the month of February 2014 were at a seasonally adjusted annual rate of 440,000.
This is 3.3 percent (±17.9%) below the revised January rate of 455,000 and is 1.1 percent (±15.2%) below the February 2013 estimate of 445,000.
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.
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