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The Slow Growth of Home Construction

Tuesday, October 20, 2009

Don't expect a rebound in home construction anytime soon.

New building permits for single-family homes fell 3% in September, the Commerce Department said today. Builders are likely anticipating a drop in demand with the expiration of the $8,000 first-time home buyer credit on Nov. 30 and are planning accordingly.

The good news is that single-family home starts increased 3.9% in September. ...


Original article from http://www.businessweek.com/the_thread/hotproperty/archives/2009/10/no_rebound_in_h.html
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