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U.S. new homes sales fell 26 percent in 2007 … and more

1. The Commerce Department said sales of new homes fell 26 percent, the biggest drop since records began in 1963 [NYT]

2. Port Authority to seek restaurant for top of Freedom Tower [NYO]

3. A look back at a maverick who said financiers took too much risk during the 1980s boom [New Yorker]

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4. Newsweek building at 1775 Broadway will get a glassy makeover [Curbed]

5. 2nd Street Café in Park Slope closes [Gowanus Lounge]

6. Chelsea’s former Dia gallery will house a new gallery and another 2.5 stories of residential space [NYO]

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