16.08.2011 - Housing market is US economy's 'weak link'
The housing market remains the economy’s weakest link. The Commerce Department may report on Aug. 16 that housing starts dropped 4.6 percent to a 600,000 annual pace in July, according to the Bloomberg survey median. Permits, a sign of future construction, probably declined 1.9 percent from June. Sales of previously owned houses, due from the National Association of Realtors on Aug. 18, rose last month after slumping to a seven-month low in June, economists predicted..............................................Full Article: Source
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