Builders begin work on fewer US Homes

Sep 21, 2011 Comments Off by

Builders began work on fewer U.S. homes than forecast in August, showing the industry remains flat on its back even as mortgage rates fall to record lows.
Housing starts dropped 5 percent to a three-month low 571,000 annual rate, Commerce Department figures showed today in Washington.  Building permits, a proxy for future construction, unexpectedly climbed……………………………………….Full Article: Source

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