March 23. 2012 10:00AM - Last modified: March 23. 2012 10:31AM

Sales of new homes dip 1.6%, while prices jump

  
The pace of new-home sales cooled a bit in February even as prices stormed higher, according to data released Friday by the Commerce Department, suggesting that a modest but noticeable improvement in the housing market is holding, Marketwatch reported today.

Sales of new homes fell 1.6% to a seasonally adjusted annual rate of 313,000 from a downwardly revised 318,000 in January.

Read more.

advertisement
advertisement