Watching the Omens on Housing

Though some reports suggest a weakening, it's too soon to tell just where the sector is heading. And regions like the South and Midwest may prove more resilient than others

Is the housing sector becoming less sturdy? The final U.S. house-price data for the fourth quarter, released earlier this month, confirm that a robust uptrend was intact through December -- despite widespread perceptions of declines. But housing-sector data releases for the first quarter are telling a different story.

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