Steel Markets
March 23, 2021
New Home Sales Slow in February
Written by Sandy Williams
New home sales slowed in February, falling 18.2% from January to a seasonally adjusted annual rate of 775,000, according to estimates by the U.S. Census Bureau and the Department of Housing and Urban Development.
“After sales exceeded construction starts by a historic margin at the end of the summer, the pace of sales has now slowed back to the post-Great Recession trend, which is limited by availability of lots, labor, lumber and other building inputs,” said Robert Dietz, chief economist, National Association of Home Builders.
