Stephen Ward headed a last-minute leveller for the Seagulls to deny Howe's men victory at the Amex Stadium and keep the hosts in touch with the play-off hunting pack.
The Cherries, who took a first-half lead when striker Lewis Grabban converted a spot-kick, were denied a club-record third consecutive away league win in the Sky Bet Championship - but Howe remained upbeat about his team's progress.
"Our initial reaction is one of disappointment because we led for so long," Howe said.
"We performed well and we were hardly under pressure until the equaliser at the end.
"But you did fear something would happen. They scored and then had a couple of chances after that where we could have been beaten, so we have to look at the bigger picture.
"To be disappointed with a point here is a marker of how far we've come since I've been here. I told the players that and I know we are developing and improving all the time."
Howe admitted Bournemouth were fortunate to be awarded an early penalty, which was coolly converted in the 14th minute by Grabban.
Inigo Calderon appeared to win possession after a last-ditch challenge on Marc Pugh, and Howe added: "It was a difficult one for the referee. Initially, I felt that it was a foul from where I was standing. But it looks as though it was an honest mistake.
"I would feel hard done by if that was given against us, but he's refereed us before and is a top official."
- Sports & Recreation
- Lewis Grabban