New home sales sank 4.4 percent in February, forecast bleaker

Sales of new US single-family homes fell in February after surging in the prior month, and could decline further because of the coronavirus pandemic, which is boosting unemployment and severely disrupting economic activity. The Commerce Department said on Tuesday new home sales dropped 4.4 percent, to a seasonally adjusted annual rate of 765,000 units, in…
Business | New York Post

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