WASHINGTON — Sales of new U.S. homes slumped 6.9
The Commerce Department says that new homes sold at a seasonally adjusted annual rate of 607,000 in January, down from 652,000 in December.
The partial government shutdown during January as well as a battered stock market appears to have hurt sales, even as lower mortgage rates eased affordability pressures and boosted buyer interest. Purchases of homes yet to be constructed to plunged 26.8
The median sales price of a new home in January fell 3.8
Josh Boak, The Associated Press