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In February 2017, in aggregate, monthly housing data were mostly positive. Total permits declined; single-family permits improved and completions month-over-month and year-over-year basis. New single-family (SF) sales improved. The increase in new SF sales was welcomed, one should ask if new sales were pulled forward due to February’s tepid temperatures. If so, future new SF data may not indicate February's robustness.
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Issued in furtherance of Cooperative Extension work, Virginia Polytechnic Institute and State University, Virginia State University, and the U.S. Department of Agriculture cooperating. Edwin J. Jones, Director, Virginia Cooperative Extension, Virginia Tech, Blacksburg; M. Ray McKinnie, Administrator, 1890 Extension Program, Virginia State University, Petersburg.
April 28, 2017