Housing Market, February | featured news

Single-family home prices rose for the first time in 10 months, in an encouraging sign the battered sector is starting to stabilize, a closely watched survey said on Tuesday.

Pending sales of previously owned U.S. homes unexpectedly rose in February, a trade group said on Monday, pointing to a modest pick-up in home sales.

Sales of new homes plunged in February to the slowest pace on records dating back nearly half a century, a dismal sign for an already-weak housing market.

The wobbly housing market is showing a rare sign of strength: pending home sales were up significantly in February, a report released Monday said, suggesting that Americans took advantage of a tax credit for home buyers.

Sales of new homes in the US fell to their lowest level on record in February, figures show.

Housing construction fell in February as winter blizzards held down activity in the Northeast and Midwest. The decline highlighted the challenges facing builders as they struggle to emerge from the worst housing slump in decades.