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Home Sales Hit 5-Month Low as Cold Winter, Soaring Prices Bite

Sales of new single-family homes fell more than expected and hit a five-month low in February, pointing to continued weakness in the housing market.
Sales of new single-family homes fell to a 5-month low in February, as cold weather and higher prices put off buyers.
A new home being built in in Pepper Pike, Ohio. Sales of new single-family homes fell to a 5-month low in February, as cold weather and higher prices put off buyers.Tony Dejak / AP
/ Source: Reuters
A new home being built in in Pepper Pike, Ohio. Sales of new single-family homes fell to a 5-month low in February, as cold weather and higher prices put off buyers.Tony Dejak / AP