WASHINGTON — One of the few bright spots in the economy last year, housing is expected to continue its strong performance in 2003, according to the National Association of Home Builders (NAHB).
"2002 was a banner year for housing, with record new home sales and the highest number of housing starts in 16 years," said NAHB chief economist David Seiders. "Based on the first 11 months of the year, we expect to see an all-time high of 976,000 new home sales and 1.69 million housing starts for 2002."