Sunday, 11 April 2021 | The Latest Buzz for the Appraisal Industry

Why you shouldn’t worry about the drop in new home sales

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Today the Census Bureau reported that in February 2021, new single-family home sales were at a seasonally adjusted annual rate of 775,000.

This was a big miss from estimates. Although sales were up 716,000 compared to sales in February 2020, they were 18.2% (±13.9%) below the revised sales in January 2021 of 948,000. The miss in sales immediately garnered comments about housing affordability.  

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The post Why you shouldn’t worry about the drop in new home sales appeared first on HousingWire.

Original Post: https://www.housingwire.com/articles/why-you-shouldnt-worry-about-the-drop-in-new-home-sales/

Author: Housing Wire

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