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Week of March 1, 2004
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President's Message
n For Working Families, Affordable Housing Is in Short Supply
 
Housing and Economics
n New Home Sales Cool Slightly in January
n Existing Home Sales Remain Near Record Pace Despite January Decline
n Eye on the Economy
 
Design
n For Successful Communities — Just Add Open Space
 
Business Management
n Lifestyles Can Be Red Flags: Know the Warning Signs of Fraud
 
Member Dividends
n The Cream of the Crop Sit On My Board of Directors
 
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n Conference Makes It Easier to Be Green
 
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n Circuit Court Leaves Favorable Ruling on Oregon Coho Protection in Place
 
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n Six Housing-Related Cases Receive Funding to Pursue Legal Action
n Ask the Lawyer — About Storm Water Permits
 
Building Quality
n Local Remodeler Recognized for Quality Achievements
 
Women's Council
n NAHB Women's Council Offers Student Scholarships
 
Small Builders and Remodelers
n Home Owners Remodel to Increase Living Space
n Let Simple Sayings Be a Contractor’s Guide to Success
 
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n Army to Hold Major Housing Privatization Forum in March
 
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n Community Service Puts Skills to the Test in Colorado
 
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n Log Home Council Tour Headed to Bangor
n Research Papers Explore Thermal Mass, Air Infiltration in Solid Wood Structures
 
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n Whirlpool Director Named NCHI Member of Distinction
n Fiberglass Doors Found to Be More Energy-Efficient Than Wood Doors
 
Builder's Engineer
n Leaking Basements, Part 2 — The Ugly
 
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Coast To Coast
 
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n Associations Demonstrate That Home Builders Care
n Providence Gives HOPE a $100,000 Hand
n Help Build This Year’s Family Build Home for a Mother of Three
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Existing Home Sales Remain Near Record Pace Despite January Decline

Sales of existing single-family homes in January were down 5.2% to a seasonally adjusted annual rate of 6.04 million units, the National Association of Realtors® reported last week, but remained close to record levels.

The pace of last month’s home resales was 2% above the sales rate of January 2003, the association reported.

“We have to keep in mind that the level of home-sales activity over the last six months has been the strongest on record,” said David Lereah, NAR’s chief economist.

Lereah said that resales in January were the sixth highest ever and exceeded the total forecast for this year. “We can expect month-to-month ups and downs, but the long-term trend is for home sales to stay close to record territory this year,” he added.

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The median existing-home price was $168,700 in January, up 5.4% from a year earlier.

Sales fell 13.2% in the Midwest, 12.5% in the Northeast and 5.7% in the West. They were up 2% in the South, which accounted for about 41% of all the single-family homes resold in the country in January.

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