The NAHB's Current Remodeling Market Index (RMI) of 45.0 was nearly the same as the 45.7 for the third quarter. Record existing home sales Existing home sales in January rose above a 6 million-unit annual rate for the first time in history, according to the National Association of Realtors. The median sales price of existing homes was $151,500 in January, 10% above a year ago. More
Existing home sales rebounded in October, up 5.5% to 5.17 million units from 4.90 million units after the September terrorist attacks. While the recovery is partly due to sales postponed from September, the gains also reflect strong demand and favorable affordability conditions. For more information, visit the Web site of the National Association of Realtors (www.Realtor.org). More
