New-Home Sales Cool Slightly in January

New-home sales dipped slightly in January following a torrid 2003 fourth quarter, but remained well above last year’s record-setting pace. The seasonally adjusted annual rate of new single-family home sales was 1.106 million, the Commerce Department reported, down 1.7 percent from December’s upwardly-revised rate of 1.125 million, but 9.6 percent above the January 2003 rate of 1.009 million units.

Builders across the country are still very upbeat about the single-family housing market

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