Housing activity hampered by winter weather
March 9, 2005,
NEW YORK — Hampered in part by severe winter storms that raged through much of the nation, housing activity was broadly held in check during January, with sales of new and existing homes both slipping, while housing starts continued their recent climb.
With demand for existing homes still strong, the national median price in January jumped 10.5 percent from year-before levels, to $189,000 from $171,000.
Sales of costlier new homes, hobbled by winter storms, tumbled 9.2 percent in January, to 1.1 million from 1.2 million units, giving up all of the 5.6 percent increase recorded in December.