No Data
U.S. Construction Spending Climbed in February
The contract signing volume of second-hand houses in the USA has slightly rebounded, benefiting from improved weather and increased supply.
In February, the number of signed contracts for second-hand homes in the USA slightly rebounded from a record low, as improved weather and increased supply brought some optimism for the spring selling season.
Even Though American Realty Investors (NYSE:ARL) Has Lost US$62m Market Cap in Last 7 Days, Shareholders Are Still up 48% Over 5 Years
February New-Home Sales Rise Less Than Projected as Prices Fall
The USA housing market's leading indicator of new home sales is warming up, but inventory has reached the highest level since 2007, and house prices have dropped 1.5% year-on-year.
In February, new home sales in the USA increased by 1.8% month-on-month, compared to an expected increase of 3.5%, while the previous January value showed a significant drop of 10.5%. In February, the supply of newly built homes rose by 0.8%, reaching 0.5 million units, the highest level since 2007. The median sale price of new homes decreased by 1.5% compared to last year, falling to 0.4145 million dollars.
Home Buyers Could See More Deals on New Homes as Builders Worry About a Pullback
