New home sales push real estate to a third record year

The National Association of Home Builders reports that the "Commerce Department reported today that sales of new single-family homes topped one million units in 2003, establishing a new record high for the third consecutive year."

Remember, this refers to "new" homes - that means new construction.

It appears that the government, and other entities, keep statistics for "new" and "existing" homes separate.

Full text of the press release can be found here.