New home sales slip from year-ago levels

|By:, SA News Editor

February new home sales of 440K (seasonally adjusted, and an annualized rate) slipped 3.3% from January's revised-lower figure of 455K, were 1.1% lower than a year ago. The median price of $261.800 is off 1.2% from a year ago. Houses for sale as of the end of February stands at 189K, representing a 5.2 month supply at the current sales rate.

The homebuilders are up, but give up some of their early gain. ITB +0.3%, XHB +0.6%

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