If you're thinking about buying a new home sometime soon, expect to find a good deal.  The housing market continues its slide and that means good news for buyers.

If you've seen carpenters out putting up new houses in your neighborhood don't assume the houses they're working on have already been sold. A new report shows that sales of new houses fell unexpectedly during February, down almost four per cent from January's pace.  Experts had been expecting a slight increase in sales last month.

January saw the biggest one-month sales decline in more than 13-years. The continuing slide in the new homes market reverberated on wall street.

The DOW dropped by double-digits after the report was released. New homes represent just 11-per cent of the total housing market. Most homes sold in the U.S. are pre-owned.

When both new and existing home sales were tallied, February saw a slight increase in overall sales, but prices fell.

Housing market analysts say that the recent troubles in the sub-prime mortgage market will most likely make 2007 a tough year for people who want to sell a home.