New-home sales inch up in February

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Sales of new single-family homes inched up in February after posting a large gain in January, according to Mortgage Bankers Association (MBA) data.

Single-family home sales rose 1 percent month over month to a seasonally adjusted annual rate of 533,000 units in February, according to the MBA’s latest Builder Application Survey (BAS). That slight increase came after sales leaped a seasonally adjusted 35 percent month over month in January.

Source: MBA