New Home Sales Rise 6.1% MoM in February (Mostly In Midwest) Following -3.7% Decline in Existing Home Sales

New home sales rose by 6.1% in February, greater than expected.

The biggest winner? The Midwest! (Home of the Chicago Cubs, Cleveland Indians and … Pawnee Indiana!)

The growth in new home sales has lagged existing home sales since 2009.

But in terms of median price, median price for new home sales has been accelerating from median price for existing home sales since 2009.

Existing home sales? Down 3.7% MoM in February.

The Midwest includes Pawnee Indiana!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s