February new home sales slide 18.2 percent for month
The average sales price was $416,000.
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for February 2021:
New Home Sales
Sales of new single-family houses in February 2021 were at a seasonally adjusted annual rate of 775,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 18.2 percent (±13.9 percent) below the revised January rate of 948,000, but is 8.2 percent (±21.7 percent)* above the February 2020 estimate of 716,000.
Sales Price
The median sales price of new houses sold in February 2021 was $349,400. The average sales price was $416,000.
For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of February was 312,000. This represents a supply of 4.8 months at the current sales rate. The March report is scheduled for release on April 23, 2021
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