New home sales drop 7% in January as housing market gets off to slow start in 2019
March 14, 2019 at 09:01 AM EDT
Sales of new U.S. homes in the U.S. dropped almost 7% in January, indicating the housing market got off to a slow start in early 2019 amid a partial government shutdown and patches of unusually harsh winter weather. New-home sales declined to a 607,000 annual rate.