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New Home Sales Fall To 775,000 In February 2021

March 23, 2021 by Forex Winner Leave a Comment

New Home Sales Fall To 775,000 In February 2021

Sales of new single-family homes in the United States plunged 18.2% in February, according to data released by the census bureau and housing department.

  • Sales were at a seasonally adjusted annual rate of 775,000, falling below the January rate of 948,000. This is 8.2% higher than the seasonally adjusted sales of 716,000 in February 2020.
  • New houses for sale in February were recorded at 312,000, versus 327,000 in February 2020.
  • The median sales price last month was recorded at $349,000, and the average sales price at $416,000.
  • The survey is primarily based on a sample of houses selected from building permits. A “sale” is defined as a deposit taken or sales agreement signed, which can occur prior to a permit issuance.

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