02:28 PM EDT, 03/25/2024 (MT Newswires) -- New-home sales slowed to a 662,000 annual rate in February from an upwardly revised 664,000 rate in January, but were up 5.9% from the level in February 2023.

The supply of new homes for sale increased 1.3% from January and was 5.9% higher than a year earlier. The median sales price declined to $400,500 in February from $414,900 in January, down sharply from $433,300 a year earlier.

The Dallas Federal Reserve's monthly manufacturing reading fell to minus 14.4 in March from minus 11.3 in February. Other manufacturing data already released have been mixed.

The ISM's manufacturing reading for March will be released on April 1.

The Chicago Federal Reserve's National Activity index rose to 0.05 in January from minus 0.54 in December. The three-month moving average fell to minus 0.18 from minus 0.11.