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New Home Constructions Jumps 22% From Last Month
Posted by Stock Online Trader on March 17, 2009 in Fundamental Analysis, Real Estate
New Housing Construction Report: The number of new housing projects that builders broke ground on in February rose sharply, defying economists’ forecasts for yet another drop in activity. The Commerce Department reported Tuesday that construction of new homes and apartments jumped 22.2 percent from January to a seasonally adjusted annual rate of 583,000 units. Economists [...]