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Housing Starts Hit Ten Year Low While Builder Confidence Sets Even A Longer Record
By admin | August 17, 2007
Residential erection permits and covering starts continued to fall in July with the latter evaluation of the nation's economic health dropping more than at any control since January 1997.
NAHB Chief Economist David Seiders cited the subprime mortgage situation as being a factor of the problem but said, "... the government-related parts of the mortgage retail still are functioning ostentatiously and..."
Topics: Mortgage News |
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