22.12.2011 - Housing market stands in way of revitalizing U.S. economy
In recent months there has been a string of positive economic news flow out of the U.S., ranging from better than expected employment data to green shoots in the housing sector. Last month, for example, the U.S. unemployment rate fell to 8.6 per cent, its lowest level in 2 1/2 years. And this week we saw that new home construction in November also rose to the strongest level in almost two years. It is no coincidence to see both of these forces working in unison...............................................Full Article: Source
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