New Home Sales Tumbled 7.8% in January
New single-family home sales decreased to a seasonally adjusted annual rate of 593,000 in January, according to the U.S. Census Bureau and the Department of Housing and Urban Development. The January level was 7.8% below the upwardly revised December rate of 643,000 and 1.0% below the January 2016 estimate. It was the lowest level since