Sales of new U.S. homes drop 4.6% in February

Sales of new U.S. homes fell 4.6% in February to mark the biggest drop in two years, though poor weather likely played a big role. Sales slowed to an annual rate of 411,000 last month from a revised 431,000 in January, the Commerce Department said Tuesday. In January, sales were revised down from an…

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Sales of new U.S. homes drop 4.6% in February