New Home Sales Decline Slightly in February

Washington, DC, March 25, 2014 -- New U.S. homes sold at an annual rate of 440,000 in February, according to the Commerce Department.

That was down 3.3% from January's one-year high of 455,000.

Economists forecast sales to total a seasonally adjusted 440,000 last month.

The median price of new homes edged up 0.4% to $261,800 last month.