JRE - U.S. New Home Market Shrinks Again In February 2024

2024-03-28 07:20:00 ET

Summary

• The size of the U.S. new home market as measured by its market capitalization shrank for the fifth month in a row.
• Political Calculations' initial estimate of the size of the new home market cap in February 2024 is $26.38 billion. This estimate is nearly 7% below September 2023's now finalized estimate of $28.34 billion.
• The U.S. Census Bureau's initial estimate of the average price for a new home sold in February 2024 is $485,000.

It happened again in February 2024. The size of the U.S. new home market as measured by its market capitalization shrank for the fifth month in a row....

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