Sales of new homes dip 1.6%, while prices jump

Subscribe to BizTimes Daily – Local news about the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin.

The pace of new-home sales cooled a bit in February even as prices stormed higher, according to data released Friday by the Commerce Department, suggesting that a modest but noticeable improvement in the housing market is holding, Marketwatch reported today.

Sales of new homes fell 1.6% to a seasonally adjusted annual rate of 313,000 from a downwardly revised 318,000 in January.

Read more.

What's New

BizPeople

Sponsored Content

Holiday flash sale!

Limited time offer. New subscribers only.

Subscribe to BizTimes Milwaukee and save 40%

Holiday flash sale! Subscribe to BizTimes and save 40%!

Limited time offer. New subscribers only.