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US housing market sees ‘green shoots’

Posted on 17 June 2009

From Telegraph: The first green shoots seem to be emerging in the US housing market, with the number of homes under construction rising to a two-and-a-half-year high.
New construction work on houses or flats – so called “housing starts” – rose by 17.2pc in May to a seasonally adjusted annualised rate of 532,000 homes. This is a level not seen since January 2006, before the current housing crisis began……..Full Article: Source


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