NAHB Says Stormy Weather Has Impact On New Home Sales In January

Unusually snowy conditions in the Midwest and Northeast contributed to a 9.2 percent decline in sales of newly built single-family homes in January, but demand in the nation’s housing market remains solid, said the National Association of Home Builders (NAHB) following the home sales report from the Commerce Department.

“It’s important to avoid a knee-jerk reaction to today’s report,” said NAHB President Dave Wilson, a custom home builder from Ketchum, Idaho. “The fact is that weathe

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