New-home sales climb in February from a year ago

Seasonally-adjusted rate of sales down 4.6% from January

Sales of new single-family homes showed a 12.6 percent year-over-year jump in February from a year ago, according to a monthly report from the U.S. Census Bureau today.

February’s seasonally-adjusted annual rate of 411,000 new-home sales represented a 4.6 percent dip from January’s downwardly revised annual rate of 431,000, which was the highest rate in more than four years.

The Census Bureau estimated that 152,000 new homes were for sale in the U.S. at the end of February, which represented a 4.4-month supply at the current sales rate.