New home sales fell 16.9 percent in February, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. Sales dropped in all regions but were particularly slow in the Northeast and Midwest, where severe winter weather may have played a role in suppressing sales activity. The median sales price for new houses sold in February was $202,100; the average was $246,000. There was an 8.9-month supply of new homes for sale at the end of February. More here and here.