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0.00164547494390425 -0.00254300673148843 0.0100224382946896 0.0109199700822736 0.0243829468960358 0.0447270007479431 0.0222887060583395 0.0151084517576663
Stock impact report

New-home sales drop 4.4% in February from January’s 13-year high [MarketWatch]

Lennar Corporation Class A (LEN) 
Last lennar corporation class a earnings: 3/19 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.lennar.com
Company Research Source: MarketWatch
New-home sales drop 4.4% in February from January’s 13-year high The numbers: Sales of newly-constructed homes in the U.S. dipped 4.4% on a monthly basis in February to a seasonally-adjusted annual rate of 765,000, the government reported Tuesday . January’s upwardly-revised figure represented the highest pace of new-home sales since June 2007, marking a cycle high for the U.S. real-estate industry. Compared with February 2019, new-home sales increased 14.3%, and February itself was the second-highest month for new-home sales since 2007. Notably, the new-home sales report is prone to major revisions because of the small sample size used to produce it. Read more: Zillow and Redfin are pausing home-buying — could the coronavirus pandemic make the iBuyer model more popular? What happened: The median sales price of new homes sold in January was $345,900. The inventory of new homes for sale dropped to 319,000, representing a 5.0 months’ supply and surpassing January as the lowest supp Show less Read more
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