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New home sales sank 4.4 percent in February, forecast bleaker

New home sales sank 4.4 percent in February, forecast bleaker

US new home sales fell 4.4% in February to a seasonally-adjusted annual rate of 765,000 with bigger declines expected in coming months due to the effect of coronavirus pandemic. January’s sales pace was revised sharply higher to 800,000 units from the previously reported 764,000 units. The median price for a home sold in February was $345,900, up 6.3% from a median price of $325,900 in January.

David
David
Top in Business