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February New Home Sales: Few Completed Inventory, High Number of Homes Under Construction
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February New Home Sales: Few Completed Inventory, High Number of Homes Under Construction

New Home Sales decrease to 772,000 Annual Rate in February

CalculatedRisk by Bill McBride's avatar
CalculatedRisk by Bill McBride
Mar 23, 2022
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CalculatedRisk Newsletter
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February New Home Sales: Few Completed Inventory, High Number of Homes Under Construction
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The Census Bureau reports New Home Sales in February were at a seasonally adjusted annual rate (SAAR) of 772 thousand.

The previous three months were revised up slightly, combined.

Sales of new single‐family houses in February 2022 were at a seasonally adjusted annual rate of 772,000, according to estimates released jointly today by the U.S. Census Bureau…

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