Wednesday, March 01, 2006

Existing-Home Sales Decline 2.8% in January - Los Angeles Times

Existing-Home Sales Decline 2.8% in January - Los Angeles Times: "The U.S. economy grew at an upwardly revised but still-weak 1.6% annual rate in the fourth quarter, while sales of existing homes tumbled in January and consumer confidence fell slightly in February, according to economic reports released Tuesday.

Economists said the reports didn't change their view that the economy was probably growing by a brisk 4.5% rate in the January-to-March quarter and will log another year of solid � though slower � growth for all of 2006. "
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