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New-Home Sales Roar to a 4-Month High in March


Tuesday, 24 April 2018 21:24 WIB

Ekonomi ASPenjualan Rumah ASNew Homes US


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New-home sales ran at a 694,000 seasonally adjusted annual rate in February, the Commerce Department said Tuesday.

Sales of newly-constructed homes surged, and earlier estimates were revised up, painting a rosier picture of the housing market than many economists had expected. The 694,000 rate in March was 4% above upwardly-revised February figures, and the highest pace since November. It was 8.8% higher than a year ago.

The March report trounced the MarketWatch consensus forecast, for a 630,000 annual pace.

At the current pace of sales, it would take 5.2 months to exhaust available supply, a bit leaner than historical averages, but still healthy.

The median sales price in March was 4.8% higher compared to a year ago.

Source : Market Watch


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