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17th Feb 10
Web TeamFinally, some good news out of Washington regarding housing construction. Hopefully, this is a sign of things to come…
From the AP:
WASHINGTON — Housing construction posted a better-than-expected increase in January which pushed activity to the highest level in six months. The solid gain raised hopes that the construction industry is beginning to mount a sustained rebound from its worst slump in decades.The Commerce Department said Wednesday that construction of new homes and apartments rose 2.8 percent last month to a seasonally adjusted annual rate of 591,000 units. That was better than the 580,000 annual pace that economists were forecasting.
Construction Sign
Read the entire article: The Associated Press: Housing construction up 2.8 percent in January.
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