US January new home sales 657K vs 680K expected

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Prior was 734KSingle family sales -10.5%Months of supply at 9 vs 8 priorPrices +3.7% y/y to $446,300All regions except the west saw large drops in new home sales. Home builders were downcast in the most-recent earnings calls. This article was written by Adam Button at www.forexlive.com.