Sales of new single-family homes in the Northeast in February rose an impressive 152.9 percent to 43,000, according to the U.S. Commerce Department. January’s revised annual rate was 17,000.
Nationally, new home sales were at a seasonally adjusted annual rate of 539,000, up 7.8 percent from January. This is 24.8 percent above the February 2014 total of 432,000.
To read the entire U.S. Commerce Department press release, click here