This means that home sales probably still have a long way to fall.
So far this year, the sales of new homes are off 15.8 percent from the 1989 period.
Around the county, home sales have generally been strong so far this year.
In fact, 2001 may end up setting a record for home sales.
Home sales were up 40 percent in September from a year earlier.
And sales of new homes rose 0.8 percent in May.
In the same period, existing home sales hit a record.
It reported 223 home sales in January, 30 more than a year earlier.
Through September, sales of new homes were 9.4 percent below the same period in 1986.
So have home sales, and industrial production is up a little.