Record Sales Of New Homes

Despite the slow economy, sales of new homes hit a record high last year.
January 30, 2002, 9am PST | Abhijeet Chavan | @legalaidtech
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"Sales of new homes rose 5.7 percent in December and set a record for the year, the government said today, as the housing sector registered a stunning performance despite the economic recession... New homes sold last month at a seasonally adjusted annual rate of 946,000, up from a revised 895,000 pace in November, the Commerce Department said. Analysts had expected a 1 percent decline."

Thanks to Abhijeet Chavan

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Published on Tuesday, January 29, 2002 in The New York Times
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