New Home Sales Increase in February After January Decline

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“This is a resumption of a trend that was bucked in January in which smaller and more affordable new homes make up a sizable portion of inventory and sales,” said Realtor.com® Senior Economist Joel Berner.

Home Industry News

By Alec Greenberg

March 25, 2025

Reading Time: 3 mins read

3d render White cut Paper House Icon hanging on a string and sold on red on Blue Soft Background, For Sale, Foreclosure, Buying and Selling, Housing Loan, Mortgage (close-up)

A slight decline in mortgage rates, coupled with limited existing inventory, helped new home sales inch higher in February, in spite of persisting affordability issues that serve as major headwinds in a market that is just beginning to adjust to the new rate environment that has been just as persistent since 2022.