Housing Numbers Inconsistent

Hogsett, Don
February 2005
Home Textiles Today;2/14/2005, Vol. 26 Issue 23, p16
Trade Publication
The article reports that home sales remained choppy and inconsistent for a third straight month during December 2004, with the three key components of the broad U.S. housing market heading in different directions. The biggest slice of the housing pie, existing-home sales, slipped 3.3 percent to a seasonally adjusted 6.7 million units, more than wiping out a 2.4 percent increase recorded in November 2004. Housing starts improved al a double-digit pace, rising 10.9 percent, to 2 million units seasonally adjusted, but not enough to offset a 12.5 percent drop recorded the preceding month. New home sales were relatively flat, inching up 0.1 percent, to 1.1 million seasonally adjusted units, holding steady following a steep 13.1 percent slide during November.


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