U.S. New Home Sales Plummet Much More Than Expected To Nine-Month Low

A report released by the Commerce Department on Tuesday showed a nosedive by U.S. new home sales in the month of February. The Commerce Department said new home sales plummeted by 18.2 percent to an annual rate of 775,000 in February after jumping by 3.2 percent to an upwardly revised rate of 948,000 in January.Original Article