Top
image credit: Pxhere

Sales of new homes plunged 18.2% in February

March 23, 2021

Via: ABC News
Category:

WASHINGTON — Sales of new homes plunged 18.2% in February as severe winter weather in many parts of the country and a lack of supply took a toll on the housing industry.

Sales of single-family homes dropped to a seasonally adjusted annual rate of 775,000 last month, the Commerce Department reported Tuesday, the slowest sales pace since May of last year.

Every region of the country experienced a drop-off in sales.

Read More on ABC News