New-home sales dropped 7 percent last month to a seasonally adjusted 414,000-unit annual rate, the National Association of Home Builders said.
Citing data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, the NAHB said sales dropped 36.4 in the winter-storm heavy Northeast and also declined 7 percent to 9 percent in the South and West. The Midwest saw sales increase 17.6 percent.