WSJ -US new-home sales fell sharply in January
Sales of newly built US homes declined last month, a sign the housing market’s recovery remains uneven. Purchases of new single-family homes decreased by 9.2% to a seasonally adjusted annual rate of 494,000 in January, the Commerce Department said Wednesday. It was the lowest pace for sales since October. Economists surveyed by The Wall Street Journal had expected a January sales pace of 525,000. From a year earlier, sales were down 5.2% in January.