After reporting a notable rebound in new home sales over the two previous months, the Commerce Department released a report on Thursday showing a substantial pullback in U.S. new home sales in the month of January.
The Commerce Department said new home sales plunged by 6.9 percent to an annual rate of 607,000 in January from a revised rate of 652,000 in December.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com