Wednesday, November 18, 2009

Weak home building a drag on economic recovery (AP)

Workers construct a house by developer KB Home in Gilbert, Arizona in this file image from October 20, 2009. The U.S. Commerce Department stated on November 18, 2009 that housing starts dropped 10.6 percent to a seasonally adjusted annual rate of 529,000 units, the lowest level since April and the percentage drop was the biggest since January. REUTERS/Joshua Lott/Files (UNITED STATES CONSTRUCTION EMPLOYMENT BUSINESS)AP - WASHINGTON — The budding economic recovery isnt getting much help from the home-building industry, which normally creates jobs and drives growth when a recession ends.
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