U.S. new-home gross sales decreased 2% to an annual charge of 772,000 in February, the federal government stated Wednesday. That determine represents the variety of houses that may be bought over a yearlong time frame if the identical variety of properties had been purchased every month based mostly 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 charge of 805,000.
