U.S. New Home Sales Rose in February for Third Consecutive Month
23 Março 2023 - 11:42AM
Dow Jones News
By Ed Frankl
Sales of new single-family houses in the U.S. increased in
February for the third time in as many months, adding to hopes that
the current housing market downturn could be abating. Here are the
main takeaways from the Commerce Department's report published
--New home sales rose 1.1% in February on month to a seasonally
adjusted annual rate of 640,000, the highest level since
--Economists polled by The Wall Street Journal expected home
sales to decrease 3.0% to a seasonally adjusted annual rate of
--Sales were 19.0% below compared with the same month a year
ago, when they stood at an adjusted annual rate of 790,000.
--January new home sales were downwardly revised to 633,000 from
an initial estimate of 670,000.
--Monthly new home sales data are volatile and often revised.
Data for February came with a margin of error of 15.3 percentage
--The median price of a new home rose to $438,200 in February
from $426,500 a month earlier.
--The seasonally adjusted estimate of new houses for sale at the
end of February was 436,000, representing a supply of 8.2 months at
the current sales rate.
Write to Ed Frankl at firstname.lastname@example.org
(END) Dow Jones Newswires
March 23, 2023 10:27 ET (14:27 GMT)
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