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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 Prices Kept Climbing in January. Why a Slowdown Is Coming
Home Prices Likely Kept Climbing in January. Why a Slowdown Is Coming. -- Barrons.com
US New-Home Sales Expected to Rebound in February After January Decline
Building Permits, New Home Sales, and Consumer Confidence Data Due Tuesday
CEO of $30 Billion Homebuilding Empire Sees 'Weaker-for-longer' Housing Market as Consumer Confidence Plummets
103746526 : learning the ropes still
w r : Thank you
103653670 : The UTDPLT stock is also expensive
Hopefully, there will be fortune to buy stocks this year. Just starting to learn how to save money 