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New Home Sales at an annual rate of 539,000

Tuesday, Mar 24 2015
Sales of new single-family houses in February 2015 were at a seasonally adjusted annual rate of 539,000, well above expectations ona rate of 466,000. This is 7.8% above the revised January rate of 500,000 and is 24.8% above the February 2014 estimate of 432,000.
 
The median sales price of new houses sold in February 2015 was $275,500; the average sales price was $341,000. The seasonally adjusted estimate of new houses for sale at the end of February was 210,000.  This represents a supply of 4.7 months at the current sales rate.
 
After the data USD extended its gains against major rivals. Euro is currently being traded slightly above 1.09 handle, Sterling is few points above 1.4860 level, while Aussie is around 0.7880 area. 
More in this category: « U.S. CPI increased by 0.2% in February Aussie little changed in the morning part of the session »

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