Sales of new homes during the month totaled just 392, while in February 2000 482 new homes were sold and during the same month of 1999 new home sales totaled 428. Resales in February totalled 947, compared to more than 1,000 during the same time period in the past two years.
The lower numbers don't worry housing analyst John Strobeck, who publishes the market letter. "One or two months is not a trend," he says.
While closing numbers are down, permit numbers remain solid, notes Strobeck.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
