Sales of new single-family houses fall as supply edges up

Published on Mar 25, 2014

Watch Connect NYC 2017 Live
Tune in live as the best and brightest explain how to execute and grow your business from the main stage of Connect.

Sales of new single-family houses in February 2014 fell 3.3 percent month over month to a seasonally adjusted annual rate of 440,000, and were down 1.1 percent from a year ago, according to a report released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

At the February sales rate, the supply of new single-family homes would last 5.2 months, up from 5 months in January and 4.1 months a year before, according to the report.

Source: U.S. Census Bureau