Housing Starts Strong Gainer

Hogsett, Don
December 2004
Home Textiles Today;12/13/2004, Vol. 26 Issue 15, p22
Trade Publication
The article reports that the U.S. housing market supported by persistently low mortgage rates, held relatively steady during October but only the forward-looking measure of housing starts managed a strong gain, reversing a slide the prior month, while other sectors were virtually flat. With builders regaining some of their confidence, housing starts improved by 6.4 percent, to a seasonally adjusted annual pace of 2 million units, recovering from a 6 percent decline during September. The only other gainer during October was the highly volatile market for costly new home sales.


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