In nearly every measurable category, the housing industry is expected to do better than average this year.
1997-2001(Avg.) |
2002* | |
| New-home sales | 879,000 | 889,000 |
| Single-family sales | 1.236 million | 1.240 million |
| Mortgage rates | 7.4% | 6.9% |
| Remodeling activity | $144 billion | $163 billion |
| Existing-home sales | 4.95 million | 5.22 million |
*estimated
Source: Harvard Joint Center for Housing Studies
