The sale of new homes across the United States rose last month on both a monthly and an annual basis, with cheaper home loans acting as an incentive for buyers.
“Sales of new single-family houses in February 2025 were at a seasonally adjusted annual rate of 676,000,” the U.S. Census Bureau said in a March 25 statement. “This is 1.8 percent above the revised January rate of 664,000 and is 5.1 percent above the February 2024 estimate of 643,000.”
The jump in new home sales can be attributed to “a slight decline in mortgage rates and limited existing inventory,” the National Association of Home Builders (NAHB) said in a March 25 statement….