NAHB boosts forecast for 2003 new home sales to record territory
WASHINGTON -- The nation's housing market should continue to provide solid support to the U.S. economy throughout the remainder of 2003 and beyond, and will likely set a record for sales of new single-family homes this year, the National Association of Home Builders (NAHB) forecasts.
The NAHB revised upward its forecast for 2003 sales of new single-family homes to 985,000 units -- roughly 1 percent more than last year's record-breaking 973,000 units.