February New Home Sales Decline 3.9%

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New home sales fell last month to the lowest level in almost seven years, the Commerce Department reported Monday. The 3.9% decline to an annual rate of 848,000 from January was well below economists’ forecasts of an increase to 985,000, Bloomberg reported. Rising home sales can mean more business for flatbed trucking companies that haul building materials and dry van freight carriers that haul household appliances and furniture.New home sales account for about 15% of residential real estate sales.