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IPFS News Link • Housing

New Home Sales Tumble For 3rd Straight Month -

• zerohedge.com by Tyler Durden

After 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...


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