New homes sales fell in January as weather, prices made it tougher for buyers

The economy's growing, companies are hiring and 401(k)s are fatter than last year.

So what's holding people back from fulfilling the American dream of buying a new home?

Blame a brutal cold snap and higher prices.

Sales of newly-built houses fell 7.8% in January, the second straight monthly decline, the Commerce Department said Monday.

Some economist say the drop was just a blip, but others cite factors that may be putting a damper on buyers' aspirations.


Source : usatoday