From the FINANCIAL TIMES:
New US home sales fell to the lowest level on record in February, as buyers opted instead for foreclosed and distressed properties, official figures showed on Wednesday.
Separately, new orders for US durable goods rose for the third month running in February, as companies continued to ramp up purchases to meet rekindling demand.
Sales of new homes dropped unexpectedly, falling 2.2 per cent during the month to 308,000. That was the lowest sales rate on record and defied analysts’ expectations of a rise…
Click here to read the full article.
