Winter Chills New Home Sales in February

New single-family house sales shrink 3.3 percent for month.

Sales of new single-family houses in February 2014 were at a seasonally adjusted annual rate of 440,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 3.3 percent (±17.9%)* below the revised January rate of 455,000 and is 1.1 percent (±15.2%)* below the February 2013 estimate of 445,000.

The median sales price of new houses sold in February 2014 was $261,800; the average sales price was $317,500.

The seasonally adjusted estimate of new houses for sale at the end of February was 189,000.This represents a supply of 5.2 months at the current sales rate.