NAHB Reports Sales Slow but Inventory Drops

Posted from NAHB.com 3-4-2007 New Home Sales Slow in January, But Inventories DropFollowing gains in November and December, new single-family home sales dropped 16.6% in January to a seasonally adjusted annual rate of 937,000 units, 20.1% below the pace of a year earlier, the Commerce Department reported last week.Despite January’s decline, which followed an upward…