This Just In | |||||||||||
Economics Watch: February 27, 2002 | |||||||||||
Sales of existing homes: Sales of existing homes surpassed 6 million (at an annualized rate) for the first time ever in January, up 16.2% from December levels and 14.6% from a year-ago. Low mortgage rates have spurred home sales in recent months. National Association of Realtors Consumer
price index: Inflation in consumer prices increased only 0.2% in
January, following on the heels of three months of decline at the end
of 2001. Falling energy costs offer the principal reason for the favorable
level of consumer prices in recent months. Copyright 2002 The American Institute of Architects. All rights reserved. |
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