NAHB Forecast Sees Growth in 2nd Half

The economists gathered recently for the National Association of Home Builders' (NAHB's) semi-annual Construction Forecast Conference in Washington, D.C., predicted significant improvement beginning in the year's second half. Nearly every panelist agreed that housing construction in 2003 will likely equal or even slightly surpass last year's 1.7 million units, with single-family activity remaining especially strong and multifamily production receding only slightly. NAHB Chief Economist

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