New-home sales plunged in February to record low: "(The Associated Press) Sales of new U.S. homes plunged in February to the fewest on records dating back nearly half a century, a dismal sign for an already-weak housing market.
The Commerce Department says new-home sales fell 16.9 percent last month to a seasonally adjusted annual rate of 250,000 homes. It's the third straight monthly decline and far below the 700,000-a-year pace that economists view as healthy."