SALES DOWN: Sales of new homes dipped 0.9 percent in January to a seasonally adjusted annual rate of 321,000 homes, the Commerce Department said Friday. That followed four straight months of gains in which home sales rose 10 percent.
BIG REVISIONS: The gains came after the government upwardly revised sales figures from October through December. December's annual sales pace was the highest in a year.
STILL WEAK: Even with more sales, new homes are selling at less than half the rate that economists consider healthy.