New home construction surges

New home construction surged to the highest level in four months in August, a government report showed Tuesday.

NAHB Forecasts 754K Housing Starts by 4Q10, 1.22M by 4Q11

The pace of housing starts will speed up this spring, slow and perhaps reverse course at mid-year, and then re-accelerate next winter and into 2011, the National Association of Home Builders’ chief economist forecast today.



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