'Extraordinary' year for the home builders.While the seasonally adjusted Seasonally adjusted Mathematically adjusted by moderating a macroeconomic indicator (e.g., oil prices/imports) so that relative comparisons can be drawn from month to month all year. sales rate decreased slightly in November, attractive mortgage rates and strong house price performance continued to drive new homes sales toward a predicted record year of more than one million units for the first time, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the National Association of Home Builders The National Association of Home Builders (NAHB) is one of the largest trade associations in the United States. Headquartered in Washington, DC, the association organizes one of the largest conventions in North America, The International Builders' Show, which draws more than . The Commerce Department reported a seasonally adjusted annual rate of 1.082 million units, a dip of 2.4 percent from October's revised rate. "Builders have seen an extraordinary year and builder confidence across the country continues to be upbeat," said Kent Conine co·ni·ine also co·nin or co·nine n. A poisonous colorless liquid alkaloid, C5H10NC3H7, found in the poison hemlock. , president of NAHB NAHB National Association of Home Builders NAHB National Academy of Health and Business (Canada) and a home and apartment builder in Dallas. "The environment for housing appears strong heading into 2004." Three regions registered declines for the month. The Northeast, Midwest and West posted 6.5 percent, 10.1 percent and 1.3 percent declines, respectively. The South registered a modest 0.4% increase over the month before. The inventory of new homes for sale in November increased slightly to 363,000 units. |
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