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Economists polled by Bloomberg are looking for new home sales to fall 3.4% month-over-month to an annualized pace of 400,000.
This compares with a 7% fall to 414,000 in December.
Housing starts continue to fall and the extreme cold are expected to be weighing on housing data.
But homebuilder confidence also tanked in February and this was in part attributed to a shortage of labor and lots.