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.
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