Here are the main takeaways from the Commerce Department report released Monday:--New home sales increased by 1.5% from the month before, reaching a seasonally adjusted rate of 661,000. --The estimate of new houses for sales was 456,000, representing a supply of 8.3 months at the current sales rate. --Weaker-than-expected sales come on the heels of declining housing starts in January. Housing starts, a measure of home-building, fell about 15% at the start of the year, according to Commerce Department data set out earlier this month. Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby(END) Dow Jones NewswiresFebruary 26, 2024 10:27 ET (15:27 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal February 26, 2024 15:38 UTC