Market update: February new home sales rise 2%

  • March 23, 2016

This morning’s new home sales report showed a 2% rise, to a seasonally-adjusted rate of 512,000 units. Quicken Loans vice president Bill Banfield offers the following comments on the report:

“The West carried February’s new home sales, while every other region saw declines in purchase activity. However, I wouldn’t be too concerned with the recent weakness we’ve been seeing, as the housing market continues its slow but healthy rise overall.”

If you would like to speak to Bill about this or any other topic, please contact us.

 

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