Eye on Housing

New home sales were down 4.6% in February from January but up 12.3% from a year ago. The drop in February was from an elevated January that was the highest since mid-2008. The inventory of unsold new homes remains very low by historic standards at 4.4 month’s supply.

Regionally, the Midwest was the only region with an increase, up 14% to an annual rate of 58,000. The Northeast was down 13% in a month with significant snow fall. The South was down 10% from January and down 6% from a year ago. The region did have more rainfall than usual during February and the 2013 average so far remains above the first three quarter averages in 2012. The West fell 2% but remains at levels last seen since early 2008.

Median sales prices rose 3% from last year because more of the homes sold were in the $400,000…

View original post 134 more words

About M/I Homes

Building homes of outstanding quality & superior design in premier locations – fulfilling nearly 90,000 American Dreams since 1976. Move Up.


Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


@mihomes via twitter

© Copyright 2012, M/I Homes, Inc. All rights reserved. Terms and Conditions

%d bloggers like this: