February New Home Sales Flat After Upward Revisions to Prior Months

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Contracts for new, single-family home sales were effectively flat in February, inching down 0.6% to a 618,000 seasonally adjusted annual rate, according to estimates from the joint release of HUD and the Census Bureau. Matching solid readings of the NAHB/Wells Fargo HMI measure of home builder confidence, new home sales data for prior months was revised up. For example, the initial January estimate… Read More ›

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