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US new home sales hit 7-year high in February
Source: CNBC
New U.S. single-family home sales surged in February to their highest level in seven years despite harsh winter weather, in a hopeful sign for the housing market.
The Commerce Department said on Tuesday sales jumped 7.8 percent to a seasonally adjusted annual rate of 539,000 units, the highest level since February 2008.
January's sales pace was revised up to 500,000 units from the previously reported 481,000 units.
Read more: http://www.cnbc.com/id/102530152
Good news. Even with that awful weather.
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