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Article: Housing starts fall again after hopeful rise.
- Article from:
- Real Estate Weekly
- Article date:
- April 22, 2009
- Author:
CopyrightCOPYRIGHT 2009 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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When it comes to hope in the economy, construction figures giveth and taketh away.
Some analysts last month predicted that a market turnaround could be around the comer after it was revealed that U.S. housing starts spiked 22% in February--the first uptick in 8 months. But figures released last week, however, show that the trend did not continue in March.
Privately owned housing starts fell 10.8% to a seasonally adjusted rate of 510,000, according to data by the U.S. Census Bureau and the Department of Housing ...