18.05.2011 - Behind the numbers: Any hope in housing starts?
Commerce Department numbers out today show that home construction fell again in April, yet another disappointing indication that the home-building sector remains in the doldrums, and that housing may continue to drag on the economy for some time. Housing starts, which gauge new home construction, fell 23.9% in April, compared with a year earlier, and suggest that only 523,000 new homes will be built this year. At the height of the housing boom, nearly 1.5 million new homes were being built each year.............................................Full Article: Source
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