Homes sales drop

New home sales fell dramatically in February. This is causing concern in the market and pulling it down.

New-home sales fall 18% in February: “The rate of new single-family home sales in February dropped to its lowest level since August 2000, falling about 18.3 percent compared to the same month last year and dropping 3.9 percent compared to January 2007, the U.S. Census Bureau and the Department of Housing and Urban Development reported today.”

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