Getting your player ready...
WASHINGTON — Sales of new homes plunged last month to a new record low and prices fell to the lowest in more than seven years as the U.S. housing market sputters even as other parts of the economy turn around.
Sales sank 16.9 percent from a month earlier to a seasonally adjusted annual rate of 250,000 in February, the Commerce Department said today. The previous record low of 274,000 was set last August.
