JPMorgan Securities' Feroli Interview About U.S. Housing

March 23 (Bloomberg) -- Michael Feroli, chief U.S. economist at JPMorgan Securities LLC, talks about the outlook for the U.S. housing market. Purchases of new U.S. homes unexpectedly declined in February to the slowest pace on record and prices dropped to the lowest level since December 2003. Feroli speaks with Mark Crumpton on Bloomberg Television's "Bottom Line." (Source: Bloomberg)