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The figures come as mortgage lenders reported another strong month in September, after a summer flurry.
They made new loans worth 634 billion yuan ($98 billion) in June, typically a strong month for lending.
Caterpillar said February was another strong month for sales of its mining and construction equipment, and global sales grew 59 percent over February of last year.
He pointed out that August is normally a strong month for housing market activity.
Because February was a very strong month for Mr. Obama in the polls.
But January is usually a strong month as investors all shift money into the market at the same time.
And given that January is historically a strong month for stocks, more bearish analysts have said the recent rally is likely to fade.
"November is typically not a strong month for sales, but certain well-located communities have sold well," Mr. Yearley said, citing a high-rise in Manhattan and developments near Philadelphia and Charlotte, N.C.
The report showed an 8% jump in manufacturing sector prices during January, part of an otherwise strong month that featured a 6.6% rise in production.
Retail sales (pdf) jump in March, and most economists agree it was another strong month.
In April, the last month for which sturdy statistics are available -- and a very strong month for sales statewide -- West Orange had just 47 sales.
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