The measure showed a slowdown from the first quarter's upwardly revised rate of 2%.

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Sales decreased 16.9 percent to a 250, 000 annual pace in February, down from a revised rate of 301, 000 in January.

FORBES: Homebuilder Stocks Losing On New Home Sales Data

Steady economic growth at just below 4% during the first three quarters of 2011 was interrupted by historic flooding in October and November in the industrial areas north of Bangkok, crippling the manufacturing sector and leading to a revised growth rate of only 0.1% for the year.

FORBES: Thailand