Data indicate fresh weakness in housing

The collapse of the housing sector was a major driver of the nation's economic woes. Now, a new wave of weakness in housing poses risks to the fragile economic recovery.

Fresh data released this week offer a portrait of a residential sector that is muddling along at low levels, though nothing resembling the freefall of 2006 to 2009. On Thursday, the National Association of Realtors said that sales of previously owned homes rose 7.6 percent in August - a disappointing result, as analysts had hoped for a stronger bounce back after sales tumbled 27 percent in July.

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- Posted: 2010-09-23 20:40:52

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