New Single-Family Home Sales Top 1 Million Again in 2004

Sales of new single-family homes for 2004 topped 1 million and set a new annual sales record for the fourth consecutive year, according to U.S. Commerce Department figures.

“Sales were up nearly 9 percent for the year and topped 1 million for the second year in a row,” said NAHB President Dave Wilson, a custom home builder from Ketchum, Idaho. “The record-breaking pace can be attributed to strong demographic demand, low mortgage rates and rising employment and household income, and we

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