Tag Archives: New-Home Sales Slow in February as Prices Rise

New-home sales posted the largest drop in two years, falling 4.6 percent in February, the Commerce Department reported Tuesday. Housing experts say the bad weather may have had a big part in the dip, just as the new-home market had shown signs of picking up its pace during the last few months. The Northeast saw sales drop nearly 14 percent — the largest amount in the U.S. — as it battered a major snowstorm in February, The Wall Street Journal reports. New-home sales also dropped in the South by 9.7 […]