Construction on new homes rebounds in Nov

KO.O. Stuff from 2009
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SusieQ
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Construction on new homes rebounds in Nov

Postby SusieQ » Wed Dec 16, 2009 8:49 am

Construction of new homes, helped by better weather, rebounded in November following a setback in the previous month.

The gain is a hopeful sign that the housing recovery is continuing, a development viewed as critical to lifting the overall economy out of recession.

The Commerce Department said construction of new homes and apartments rose 8.9 percent in November to a seasonally adjusted annual rate of 574,000 units. The gain represented strength in all areas of the country although the increase was slightly lower than economists had expected.


http://www.msnbc.msn.com/id/34443935/ns ... al_estate/
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