Housing Wire: The median sales price of new houses sold in February 2016 was $301,400. The average sales price was $348,900, while the seasonally adjusted estimate of new houses for sale at the end of February was 240,000. This represents a supply of 5.6 months at the current sales rate. “While volatile month-to-month, a modest improvement in February new home sales helps reinstate confidence that the U.S. housing market remains on positive footing, albeit fragile,” said Lindsey Piegza, chief economist with Stifel...
