New Home Sales Decline -18.2 % February but are up Year-Over-Year 8.2%

The U.S. Census Bureau reported that new residential single-family home sales for February 2021 were at a seasonally adjusted annual rate of 775,000, according to estimates. This is -18.2% below the revised January 2021 rate of 948,000 but is 8.2% above the February 2020 estimate of 716,000. The seasonally adjusted estimates of new houses for sales at the end of February was 312,000. This represents a 4.8 months’ supply based on the current rate of sales. The median sales price of new houses sold in February 2021 was $349,400. The average sales price was $416,000.


FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.