U.S. New Home Sales
New Home Sales Continue Downward
New-home sales in the US fell at the start of the year to a three-month low, reflecting a combination of affordability challenges as well as harsh winter weather. Purchases of new single-family homes decreased 10.5% last month to a 657,000 annualized rate, according to government data issued Wednesday. That trailed the median estimate of economists surveyed by Bloomberg, who expected an annual rate of 680,000.