Thursday, May 02, 2024

Industry | 2009.11.18

Weak home building a drag on economic recovery (AP)

In this Oct. 21, 2009 photo, a new home under construction in Tallahassee, Fla., is shown. Construction of new homes unexpectedly plunged last month, as builders waited to see whether lawmakers would extend a tax credit for homebuyers.(AP Photo/Phil Coale) AP - The budding economic recovery is getting little help from the home building industry, which normally creates jobs and boosts growth as a recession ends.


 

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