Please log in to view images

« prev   random   next »

0
0

Housing starts plummet

By tovarichpeter follow tovarichpeter   2013 May 16, 1:38am 10,228 views   91 comments   watch   nsfw   quote   share    


http://finance.yahoo.com/news/april-housing-starts-plummet-almost-123735563.html

Reuters) - Ground-breaking for new U.S. homes plummeted more than expected in April from an almost five-year high, but applications to build new homes shows the housing sector could still contribute to the strengthening economic recovery. The Commerce Department said on Thursday that starts at building sites for homes fell 16.5 percent last month to a 853,000-unit annual rate. That was below analysts' expectations of a 945,000-unit rate. The housing recovery, driven by growing demand and record-low mortgage rates, has started to boost other sectors of the economy in the first part of the year.

#housing

« First    « Previous    Comments 9 - 48 of 48    Last »

no comments found

« First    « Previous    Comments 9 - 48 of 48    Last »


about   best comments   contact   one year ago   suggestions