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Watchlist
Press Release: CTO Realty Growth Announces First Quarter 2025 Earnings Release and Conference Call Information
The contract signing volume of second-hand houses in the USA has slightly rebounded, benefiting from improved weather and increased supply.
In February, the number of signed contracts for second-hand homes in the USA slightly rebounded from a record low, as improved weather and increased supply brought some optimism for the spring selling season.
USA homebuyers set a record for monthly payments, signaling a turning point in the spring housing market.
As of March 23, the typical monthly housing payment for homebuyers in the USA reached a record high of $2,807, an increase of 5.3% compared to the same period last year.
TechnipFMC Wins $1B-plus Contract for Shell's Gato Do Mato Development Offshore Brazil
February New-Home Sales Rise Less Than Projected as Prices Fall
The USA housing market's leading indicator of new home sales is warming up, but inventory has reached the highest level since 2007, and house prices have dropped 1.5% year-on-year.
In February, new home sales in the USA increased by 1.8% month-on-month, compared to an expected increase of 3.5%, while the previous January value showed a significant drop of 10.5%. In February, the supply of newly built homes rose by 0.8%, reaching 0.5 million units, the highest level since 2007. The median sale price of new homes decreased by 1.5% compared to last year, falling to 0.4145 million dollars.