New home sales in February rose 4.7% to an annualized 337,000, better than the 315K consensus....

|By:, SA News Editor
New home sales in February rose 4.7% to an annualized 337,000, better than the 315K consensus. January was revised to 322K from 309K. Median price was $200,900. At the current sales rate, there's 12.2 months of supply.