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The Philadelphia Inquirer Home Real Estate Column.
Knight Ridder/Tribune Business News, March, 2002
By Alan J. Heavens, The Philadelphia Inquirer Knight Ridder/Tribune Business News
Mar. 10--The housing sector performed better in 2001 than David Seiders ever expected.
At the start of the year, the chief economist of the National Association of Home Builders announced that 2001 would not be good for housing.
"The rate of growth was weakening, and a slowdown was inevitable," Seiders said at a Feb. 8 session at the International Builders Show in Atlanta.
Instead, it turned out that 2001 was a record year in sales of new houses and resales of older ones. And while things have been bumpier since Sept. 11, sales in 2002 will be close to the record, Seiders said.
"We wouldn't have had a real recession had Sept. 11 not...
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