February 2016 US new home sales 23 March 2016
– Prior 494k. Revised to 502k
– New home supply 5.6 months unch
– Median sale price $301,400 vs $293,900 in Feb 2015
Housing continues to tick along nicely and with a 2.6% gain in prices from last year, it shows a solid market that’s not close to overheating.