February New Home Sales Down 18.2% from Jan.; Up 8.2% YOY

Washington, DC, March 23, 2021-Sales of new single-family houses in February 2021 were at a seasonally adjusted annual rate of 775,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 18.2% below the revised January rate of 948,000 but is 8.2% above the February 2020 estimate of 716,000.

The median sales price of new houses sold in February 2021 was $349,400. The average sales price was $416,000.

The seasonally-adjusted estimate of new houses for sale at the end of February was 312,000. This represents a supply of 4.8 months at the current sales rate.