• Prior month 0.657M revised prior to 0.664M
  • New Home sales for February 0.676M vs 0.679M estimate
  • New home sales Change MoM 1.8% vs -6.9% (revised from -10.5%) last month.

Details:

  • Median sale price: $414,500, down -1.5% from Feb 2024 ($420,900)
  • Homes for sale at end of February: 0.500 million units (vs Jan 0.496M)
  • New home supply: 8.9 months at current pace (vs Jan 9.0 months)

  • Regional breakdown:

    • Northeast: -21.4%

    • Midwest: +20.6%

    • South: +6.6%

    • West: -13.6%

Source: Forex Live