Census Bureau Releases New Home Sales Numbers for February 2009

The Census Bureau today released the data for single family new home sales during February 2009. January 2009, was the single worst month for home sales since the CB began keeping records in 1963.The "good" news is that (as one might expect) there was a slight rise in sales--4.7%-- from January 09 to February 09. The bad news is that this is a 41.1% decline in February 2009 from February 08.