ETFs That Might Suffer As New Home Sales Data Disappoints
Zacks Investment Research | Mar 26, 2020 06:00AM ET
After hitting the fastest pace since July 2007 this January, the sales of newly-built homes in the United States disappointed in February. According to data provided by the Commerce Department, sales of new homes declined 4.4% to a seasonally-adjusted rate of 765,000 units in February. It compares unfavorably with the January reading on new home sales that were revised up to 800,000 units, the highest level since May 2007, from the previously-reported 764,000 units. Notably, the economists’ had forecast new home sales decreasing 2% to a pace of 750,000 units (Zacks Investment Research
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