TITLE

Builders Expect Another Boom Year But Not a Record One

AUTHOR(S)
Krizan, William; Illia, Tony
PUB. DATE
February 2004
SOURCE
ENR: Engineering News-Record;2/2/2004, Vol. 252 Issue 5, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Low mortgage rates and strong demographics led to a record year for new single-family home sales in 2003 and builders believe that 2004 will be almost as robust, according to the National Association of Home Builders (NAHB). NAHB estimates that U.S. homebuilders finished up 2003 with 1.45 million single-family housing starts and 341,000 multifamily starts. NAHB's Housing Market Index indicates that builder confidence is down only slightly in January, falling to 68 from 70 in December and remaining ahead of the 64 recorded at the beginning of 2003. The index is based on a monthly survey of builders who are asked to gage current sales of homes, sales expectations for the next six months and traffic of prospective buyers.
ACCESSION #
12203343

 

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