- Three People Arrested in Connection with Multi-County Drug Trafficking Operation
- Marshall University Forensic Science Graduate Program student receives national award
- Marshall Health expands pediatric office on Route 60
- Bernie Packs Huntington's Big Sandy; Hillary and Trump Win Big IMAGES
- Governor Tomblin Endorses Hillary Clinton for President
- U.S. Attorney's Office announces collection sites for DEA's National Prescription Drug Take-Back Day
- More than 1,700 to graduate from Marshall University May 7
- AG DeWine Sues Out-of-State Telemarketer for Misleading Ohioans about Computer Virus
- TRANSCRIPT: Mayoral Candidate Alleges Mayor, Council "Embarassed" by Towing Outcry; Council Allegedly Persecutes Disabled Member for Backing Ordinance
- Nostalgic Images of Ten Forgotten Huntington Venues
U.S.: New Home Sales Fell 3.3 Percent in February
The median sales price of new houses sold in February 2014 was $261,800; the average sales price was $317,500. The seasonally adjusted estimate of new houses for sale at the end of February was 189,000. This represents a supply of 5.2 months at the current sales rate.
“There is no doubt that the persistently bad weather took a toll on sales in February,” said Kevin Kelly, chairman of the National Association of Home Builders (NAHB) and a home builder from Wilmington, Del. “However, builders continued to increase their inventory of for-sale homes, indicating they still anticipate a relatively strong spring buying season.”
“We still expect 2014 will be a strong year for housing,” said NAHB Chief Economist David Crowe. “The first two-month average of 2014 is exactly in line with where 2013 left off. If not for the unusual weather, we would easily be ahead of last year’s pace. We also continue to see household formations and pent-up demand driving sales forward.”
Regionally, new-home sales activity fell 32.4 percent in the weather-battered Northeast, 1.5 percent in the South and 15.9 percent in the West. The Midwest posted a gain of 36.7 percent, stemming from an unusually low January figure.