New Home Sales Fall 1.8% to 13-Year Low

New home sales fell to a 13-year low in February, the Commerce Department said Wednesday.

Sales fell 1.8% to an annual rate of 590,000, the fewest since February 1995, Commerce said.

The February level was above economists’ forecasts of 575,000-unit rate, Bloomberg said.

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.