financetom
Economy
financetom
/
Economy
/
US new home sales rebound in February
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US new home sales rebound in February
Mar 25, 2025 9:25 AM

WASHINGTON (Reuters) - Sales of new U.S. single-family homes rebounded in February as warmer weather and a decline in mortgage rates pulled buyers from the sidelines, but growing uncertainty over the economy's outlook could curb further gains.

New home sales increased 1.8% to a seasonally adjusted annual rate of 676,000 units last month, the Commerce Department's Census Bureau said on Tuesday. The sales pace for January was revised up to a rate of 664,000 units from the previously reported 657,000 units. 

Economists polled by Reuters had forecast new home sales, which make up about 15% of U.S. home sales, would rise to a rate of 679,000 units. New home sales are counted at the signing of a contract. They rose 5.1% on a year-on-year basis in February.

The median new house price fell 1.5% to $414,500 in February from a year earlier.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US business activity edges higher; pricing power diminishing
US business activity edges higher; pricing power diminishing
Jul 24, 2024
WASHINGTON (Reuters) - U.S. business activity climbed to a 27-month high in July, but firms appeared to have some difficulty sustaining higher prices for their goods and services amid resistance from consumers, offering a further boost to the inflation outlook. S&P Global said on Wednesday that its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors,...
US goods trade deficit narrows in June
US goods trade deficit narrows in June
Jul 24, 2024
WASHINGTON (Reuters) - The U.S. trade deficit in goods narrowed in June as exports rebounded, but trade likely remained a drag on economic growth in the second quarter. The goods trade gap contracted 2.5% to $96.8 billion, the Commerce Department's Census Bureau said on Wednesday. The deficit widened in the prior two months. The government is scheduled to publish its...
US new home sales fall to seven-month low in June
US new home sales fall to seven-month low in June
Jul 24, 2024
WASHINGTON (Reuters) - Sales of new U.S. single-family homes fell to a seven-month low in June as higher mortgage rates and prices weighed on demand, further evidence that the housing market recovery faltered in the second quarter. New home sales slipped 0.6% to a seasonally adjusted annual rate of 617,000 units last month, the lowest level since November, the Commerce...
Daily Roundup of Key US Economic Data for July 24
Daily Roundup of Key US Economic Data for July 24
Jul 24, 2024
02:31 PM EDT, 07/24/2024 (MT Newswires) -- The flash manufacturing reading from S&P Global fell to a seven-month low of 49.5 in July from 51.6 in June after regional data from the New York, Philadelphia, and Richmond Federal Reserve banks were mixed. The ISM's national manufacturing reading will be released on Aug. 1. Released at the same time, the flash...
Copyright 2023-2025 - www.financetom.com All Rights Reserved