IPFS News Link • Housing
New Home Sales Tumble For 3rd Straight Month -
• zerohedge.com by Tyler DurdenAfter a surprise rebound in existing home sales (even as condo sales slumped), new home sales were expected to rebound in Feb from their 7.8% plunge in January, but grossly disappointed, dropping 0.6% MoM - the 3rd monthly drop in a row.
This is the first time new home sales declined for 3 straight months since Q1 2014
New home sales are up just 0.5% YoY...