New single-family homes were at a seasonally adjusted annual rate of 676,000 in February.
Sales of new single-family homes appear to be picking up. According to the Calculated Risk blog, citing data from the U.S. Census Bureau, sales of new single-family homes were at a seasonally adjusted annual rate of 676,000 in February. This marks an increase of 1.8% from January’s rate of 664,000 new-home sales. While this growth is slight, new-home sales could continue to improve in the coming months with more inventory on the market.
The months of supply decreased in February to 8.9 months from 9.0 months in January.
The all-time record high was 12.2 months of supply in January 2009. The all-time record low was 3.3 months in August 2020.Read more
