The seasonally adjusted pace of new single-family home sales in the U.S. increased to an annual rate of 468,000 in January, up 2.2 percent year-over-year and the highest rate since 2008. The pace peaked at 1,309,000 in July of 2005.
The inventory of new single-family homes for sale is up 23.5 percent year-over-year. Inventory is up 33.3 percent in the West while sales in the West were down 23.4 percent.