WASHINGTON (AP) — Sales of new homes plunged 18.2% in February as severe winter weather in many parts of the country and a lack of supply took a toll on the housing industry. The Commerce Department reported Tuesday that sales of single-family homes dropped to a seasonally adjusted annual rate of 775,000 last month, the slowest sales pace since May of last year. The median price of a new home sold in February was $349,400, up 5.3% from a year ago.
