ARLINGTON, Va. — NAFCU's Macro Flash Report noted that new homes sales declined for the third month in a row.
Annualized, the figure was down 2.8% from 605,000 units to 588,000 units in January, the slowest pace since February 1995. Sales were down 33.9% from a year ago.
Out West, the view was not quite as gloomy. The West experienced a modest uptick in new home sales, 2.2%, and was the only region that did not drop. On the other hand, the Northeast experienced the greatest month-to-month drop in new home sales at 10.3% for the month of January.
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