Details from the February 2017 US new home sales data report 23 March 2017
Prior 0.555m. Revised to 0.558m
Supply 5.4 months vs 5.6 months prior
Median sale price $296,200 vs $312,900 in Jan & $311,300 Feb 2016
Feb homes for sale 0.266m vs 0.262m prior
A pickup in sales and a drawdown in supply should be positive for prices but we've seen a drop on the month and year. That will keep the Fed happy that the housing market isn't heating up.
US new home sales
