U.S. Home Construction Declined 5% in June
Date: 2010-07-20T08:24:57.753
Author: AAA Staff
Editor note: Construction starts on residential buildings declined in June to its lowest level since October, the government reported on Tuesday, as the sector struggles with a tepid recovery and the end of a government tax credit.
The Commerce Department reported that housing starts in June were at a seasonally adjusted rate of 549,000, about 5 percent below the revised May estimate of 578,000. The June rate was at its lowest level since October 2009 and also fell below analysts estimates of 580,000, ac
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View original artilce: http://www.nytimes.com/2010/07/21/business/economy/21econ.html?hp
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