General World News

New home sales climb in February for the third straight month

New home sales continued to rise in February, jumping 1.1% from January to a seasonally adjusted annual pace of 640,000 homes, according to data published on Thursday by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD).

On a year-over-year basis, however, new home sales are still down 19.0%.

“New home sales increased in February for the third straight month, in a sign that the market may be stabilizing,” Kelly Mangold, the principal of RCLCO Real Estate Consulting, said in a statement. “As buyers approach details ⇒

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