New Home Sales Rose 0.5% YOY in February

Washington, DC, March 23, 2018-Sales of new single-family houses in February 2018 were at a seasonally adjusted annual rate of 618,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 0.6 % below the revised January rate of 622,000 but 0.5% above the February 2017 estimate of 615,000.

The median sales price of new houses sold in February 2018 was $326,800. The average sales price was $376,700.

The seasonally-adjusted estimate of new houses for sale at the end of February was 305,000. This represents a supply of 5.9 months at the current sales rate.