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U.S. home construction sinks to new record low in October (People's Daily)
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U.S. home construction sinks to new record low in October (People's Daily)

U.S. construction of new homes fell by 4.5 percent in October to a seasonally adjusted annual rate of 791,000 units, the lowest level on government records dating back to 1959, the Commerce Department reported Wednesday. It was the fourth-straight monthly drop in housing starts. The October drop followed an upwardly revised September rate of 828,000 units. Previously, the slowest pace had been ...

Posted on Thu, 20 Nov 2008 02:36:39 GMT at http://us.rd.yahoo.com/dailynews/rss/sea...37059.html

11-20-2008 01:09 PM
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