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New Home Sales Up 3% YoY
Tuesday, March 13, 2018
New home sales are
projected to have increased again in February.
The Mortgage Bankers Association (MBA) said that based on its Builder
Applications Survey (BAS) it anticipates those sales grew 4.6 percent compared
to January and were 3 percent higher on a year-over-year basis. These numbers
do not include any adjustment for typical seasonal patterns. When seasonally
adjusted, the February estimate is down from 700,000 in January, a decrease of
9.7 percent. On an unadjusted basis MBA
estimates there were 55,000 new homes sold during the month. This is an
increase of 1.9 percent from 54,000 new home sales in January.
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