3/23, 3:00 PM (Source: TeleTrader)
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US new home sales up by 1.1% in February

Sales of new single‐family houses in the United States observed a monthly increase of 1.1% in February over the revised figure for January to reach 640,000, the US Census Bureau stated in its report published on Thursday. On the other hand, on the annual level, the figure declined by 19%.

The median sales price of new houses sold in February 2023 stood at $438,200, while the average price was at s $498,700.

The seasonally‐adjusted estimate of new houses for sale at the end of February came in at 436,000, a supply of 8.2 months at the current sales rate.

Baha Breaking News (BBN) / JG