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February saw a 2% drop in US's new single-family home sales

Posted on March 28, 2022   |  

  • The new residential single-family home sales for February 2022 were at a seasonally adjusted annual rate of 772,000, which is 2.0% below the revised January rate of 788,000 and is 6.2% below the February 2021 estimate of 823,000.
  • The seasonally adjusted estimate of new houses for sale at the end of February reached 407,000, representing a supply of 6.3 months at the current sales rate.
  • The median sales price of new houses sold in February 2022 was $400,600.