U.S. Commerce Department: New home sales fall in February for Northeast, rise nationally

Sales of new single-family homes in the Northeast in February fell 21.4 percent to 33,000, according to the U.S. Commerce Department. January’s revised annual rate was 42,000.

Nationally, new home sales were at a seasonally adjusted annual rate of 592,000, 6.1 percent above the revised January rate of 558,000. This is 12.8 percent above the February 2016 total of 525,000.

To read the entire U.S. Commerce Department press release, click here