The Commerce Department today reported that despite a slip in December, sales of new single-family homes topped one million units in 2003, establishing a new record for the third consecutive year. Sales of new single-family houses in December slipped approximately 5.1 percent to 1.06 million units from November's revised rate of 1.12 million on a seasonally adjusted basis, according to estimates released jointly today by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. "The numbers, while amazing, should not be a surprise to most builders," said Bobby Rayburn, president of the National Association of Home Builders and a home and apartment builder from Jackson, Miss. "The sales pace has been excellent throughout the last six months, primarily fueled by l...
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