New Home Sales Fall (March 23)

New Home Sales for February decreased to a 250,000 annual pace, following a revised 301,000 pace in January. Over the year New Home Sales are down 28.0% from 347,000 in February of 2010. The median sales price was $202,100 and the average sales price was $246,000. The estimate of new houses for sale at the end of February was 186,000, representing a supply of 8.9 months at the current sales rate.

About Zacks Investment Research 1767 Articles

Zacks Investment Research is one of the most highly regarded firms in the investment industry. In 1978 Zacks originated the concept of utilizing earnings estimates revisions to make profitable investment decisions. Zacks offers multiple investment products and services to help investors achieve superior returns.

Visit: Zacks.com

Be the first to comment

Leave a Reply

Your email address will not be published.


*