New home sales drop slightly, but record year expected.
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, president of NAHB and a home and apartment builder in Dallas. "The environment for housing appears strong heading into 2004."
|Printer friendly Cite/link Email Feedback|
|Title Annotation:||Trends & News|
|Publication:||Wood & Wood Products|
|Date:||Jan 1, 2004|
|Previous Article:||AWFS fair moving to Las Vegas in 2005.|
|Next Article:||Ex-steelcase workers qualify for federal benefits, more layoffs loom.|