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Sales of new homes dropped in February, the Commerce Department reported Tuesday, a decline of 4.6 percent from the January level, which had been the strongest sales pace since September 2008. The decline in February still left sales 12.3 percent higher than a year ago. (AP file photo)

Sales of new US homes slip 4.6 percent in February

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WASHINGTON (AP) -- Sales of new homes fell in February after climbing to the highest level in more than four years in January.

By MARTIN CRUTSINGER

AP Economics Writer

WASHINGTON (AP) -- Sales of new homes fell in February after climbing to the highest level in more than four years in January.

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