Home sales stay strong

February sales of existing single-family homes dropped from January’s record, but still posted the second-highest level, according to the National Association of Realtors. Resales of existing homes dropped to an annual rate of 5.88 million units from 6.05 million units in January.

A strong housing market bodes well for the landscape industry. Analysts expect 2002 figures to remain strong, but perhaps at a more sustainable level.