New residential home sales dropped 1.57 percent since January but rose 11.4 percent above the level seen in February of last year.
Retail sales showed a notable 1.1 percent increase from January and an increase of 6.5 percent on a year-over-year basis.
On a month-to-month basis, total residential spending increased 1.78 percent from December and rose 6.73 percent above the level seen in January 2011.
The US Census Department's monthly New Residential Home Sales Report for January showed a monthly decline, with sales dropping 0.97 percent since December but rising 3.55 percent above the level seen in January 2011.
Retail sales in January increased 0.4 percent from December and 4.8 percent from last year. The data shows a rough correlation between home value appreciation and retail spending.
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