First-time buyers were responsible for 31% of sales in February; Individual investors or second-home buyers purchased 17% of homes in February; All-cash sales accounted for 22% of transactions in February; Distressed sales represented less than 1% of sales in February. #NAREHS

17 Cool Problems in #Statistics — Regression, Clustering, #NeuralNetworks, #DeepLearning, Decision Trees, Ensembles, Outliers, SVM, Feature Selection, #TimeSeries, Cross-Validation, Model-Fitting
👉https://bit.ly/2GeGpKM
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#abdsc #BigData #DataScience #MachineLearning #AI

Solid new home sales for Jan, with sales up more than 19% year-over-year at a 923K annual pace. Inventory remains low at 4 months' supply. Prices up on a median basis by 5%, but affordability concerns loom in terms of building material costs and higher interest rates. @NAHBhome