3:25 a.m.
Thursday, 21 September 2017

Sales of new houses in the United States fell in February

By Rubén Vela

Los Angeles, California.- Purchases of new homes in the United States unexpectedly fell in February for a second month, a sign the recovery in the housing market may be uneven, reported figures from the Commerce Department showed in Washington

Sales dropped 1.6 percent to a 313,000 annual pace, the slowest since October, from a 318,000 rate in January that was weaker than previously.

Sales of new single-family houses in February 2012 were at a seasonally adjusted annual rate of 313,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 1.6 percent below the revised January rate of 318,000, but is 11.4 percent above the February 2011 estimate of 281,000.

The median sales price of new houses sold in February 2012 was $233,700; the average sales price was $267,700. The seasonally adjusted estimate of new houses for sale at the end of February was 150,000. This represents a supply of 5.8 months at the current sales rate.

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