On an annual basis in February, new-home sales tracked up, according to the Commerce Department.
New-Home Sales (Annual Rate): 765,000 (-4.4% MoM, +14.3% YoY)
For-Sale Inventory: 319,000
Months’ Supply: 5.0
Average Price: $403,800
Median Price: $345,900
Source: U.S. Commerce Department