 |
| 30 Yr Fix |
6.26% |
-0.11% |
| 15 Yr Fix |
5.78% |
-0.13% |
| 1 Yr ARM |
5.10% |
-0.07% |
| 5/1 ARM |
5.80% |
-0.02% |
| 30 Yr Tres |
4.66% |
0.02% |
| Fed Prime |
5.00% |
-0.25% |
|
|
|
|
 |
Free Subscription To News Alerts
Stay up to date on breaking news with our free News
Alert Service. |
|
|
February New Home Sales Still At Historic Highs
3458
Views - Printer Friendly - Email
This Story To A Friend
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development have released February figures for the new home sales.
February new home sales were at a seasonally adjusted annual rate of 1,226,000 units, up 9.4 percent from the revised January figure of 1,121,000. This is also substantially above the rate of 1,165,000 new homes sold in February 2004.
Sales increased most strongly in the Northeast where the pace was over 20% higher than the previous month. Sales in the other three regions were up, but in a range of 7.4 to 9.9 percent.
However, only in the South did sales increase over February of 2004. That region scored a 15.5 percent increase while all other regions were in negative territory: -1.7 percent in the West, -3.5 in the Northeast, and 6.8 percent in the Midwest for a national average of 5.2 percent.
Approximately 444,000 homes remained available for sale nationwide at the end of the month, approximately a 4.4 month supply at the current sales rate.
The median price of new houses sold during the month was $230,700.
February figures, of course, do not reflect any impact from recent mortgage rate increases. That impact, if any, may be seen in the March figures due on April 26.
Related Tags
Select a Tag for more information related to that Tag. (View
All Tags)
new home sales |
Comments (0)
No Comments At This Time
Post A Comment
Please fill out the form below to submit a comment.
|
|
|
Throwing more laws at the problem a only a bandage for a gushing wound. I am a Florida lawyer working with more and more people ev...
Read |
Pointing fingers, throwing blame is NOT going to solve this mortgage mess. Until ALL companies are regulated and required to adher...
Read |
Nobody has been able or willing to mark to market. At this time it is impossible. From what I understand about Paulson, his approa...
Read |
|
