follow us

Housing numbers paint blurry picture

WASHINGTON — With interest rates inching up, higher gas prices settling in and the employment outlook still obscured, the nation's housing market remained unsettled during February, sending out mixed signals for a third straight month.

The highly volatile gauge of expensive new homes advanced 9.4 percent during February, recovering from a slide of 8.6 percent the month before. But the other two key indicators — existing home sales and housing starts — both sputtered, stuck in neutral.

The key gauge of lower-cost existing home sales, often starter homes or second homes, slipped 0.4 percent, to a seasonally adjusted level of 6.8 million units. Housing starts, the most forward-looking barometer, lost some steam during February, edging up just 0.5, weakening after a solid 6.2 percent increase the month before.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Vegas Performing with PureCare's Lonnie Scheps

    Camera Icon More Videos