February New-Home Sales Rise Less Than Projected as Prices Fall

MT Newswires12:55 ET

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.

wallstreetcn12:32 ET

February US New-Home Sales Rise Less Than Expected, Up Year-Over-Year

MT NewswiresMar 25 10:08 ET

Home Prices Kept Climbing in January. Why a Slowdown Is Coming

Barron'sMar 25 09:17 ET

January Case-Shiller US Home Price Index Rebounds From Decline in Previous Month

MT NewswiresMar 25 09:06 ET

Home Prices Likely Kept Climbing in January. Why a Slowdown Is Coming. -- Barrons.com

Barron'sMar 24 16:00 ET