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ID: 30262
Title: New home sales fall; some see Fed rate cuts (Reuters)
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A home in Hampton Oaks, Georgia, in an undated photo. Sales of new homes unexpectedly fell 3.9 percent in February to the lowest rate in nearly seven years while the number of new homes on the market grew, according to a government report on Monday that showed more signs of weakness in the housing sector. (File/Reuters)Reuters - Sales of new U.S. homes unexpectedly fell in February, hitting their lowest level in nearly seven years, according to a report on Monday that raised concerns the troubled housing sector had not yet hit bottom.


Category: Business/US Economy/
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Date Added: March 26, 2007 06:47:38 PM
Number Hits: 0