New Home Sales Surged Last Month


New Home Sales Surged Last Month

Washington, DC, March 24, 2015—New home sales rose at the fastest pace in seven years in February, reports the Commerce Department, increasing 7.8% last month to a seasonally adjusted rate of 539,000.

This is the strongest performance since February 2008.  

In addition, the median sales price rose 2.6% over February 2014 to $275,000.  

 

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