‘93/’94 Year-End Review and Outlook : Industry Outlook : Continuing low-grade growth in the national economy, coupled with hopes for stability--if not expansion--in California, is the backdrop for the year in business. Here is an assessment of key industries’ prospects.

HOME SALES: The slight strengthening at the end of 1993 could build up steam this year, as a gradually improving California economy, mortgage rates in the 7% to 7.5% range and stable prices shake loose three years of pent-up demand.