February new home sales were at a seasonally adjusted annual rate of 440,000, according to the U.S. Census Bureau. This rate puts February 2014 3.3% below January 2014's rate of 455,000 and 1.1% below February 2013's 445,000.
The median price of new homes in February 2014 was $261,800. The average sales price was $317,500. The government's seasonally adjusted estimate of new houses for sale in February 2014 was 189,000, which is a 5.2-month supply at the current sales rate.
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