New Home Sales Fall to Record Low in February

New Home sales came in at a seasonally adjusted rate of 308,000 for Febraury 2010, 2.2% below the revised Janaury rate of 315,000 and 13% below the Feb 09 rate of 354,000.

Months of supply is rising to 9.2 months of supply in Feb 2010.

One has to wonder how bad these numbers can get post Tax credits in 2nd half 2010?

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