FXstreet.com (Barcelona) - The market of new home sales have decreased in February from January, the fourth consecutive month and showing the lowest figure since Febreuary 1995, according to estimates report of US Commerce Department.
Sales of new home fall 1.8% to estimated anual rate of 590,000, market expectations was at 579,000 homes of rate anual. January's figure was revised up to 601,000 from 588,000 initially posted.
Year to year, New home sales have fall 29.8% in February from 2007 estimate of 840,000 homes. Median sales price of new home sold in February 2008 picked up to $244.100, from $225,600 posted in January.
Average price decreased to 296,400 in February from 329,400 in February 2007.