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Housing probably cooled at start of 2013

Posted on 18 February 2013

New residential construction cooled in January and U.S. existing-home sales slowed after the strongest year since 2007, representing a break in the momentum for the industry, economists said before reports this week.
Builders started work on 920,000 houses at an annual rate following December’s 954,000 pace that was the fastest since June 2008, according to the median forecast of 73 economists surveyed by Bloomberg before Commerce Department data on Feb. 20. Purchases of previously owned properties fell, while the cost of living was contained, other figures may show………………………………………..Full Article: Source


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