U.S. new-home gross sales decreased 2% to an annual price of 772,000 in February, the federal government mentioned Wednesday. That determine represents the variety of houses that might be offered over a yearlong time frame if the identical variety of properties had been purchased every month primarily based on the speed of gross sales in February. In comparison with a yr earlier, gross sales had been down greater than 6%. Economists polled by MarketWatch anticipated new-home gross sales in February to drop to an annual price of 805,000.
