Ralph McLaughlin

New US Home Construction Slows In March

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Construction of new US homes dropped in March to its slowest pace in four months, with the pace of building falling sharply in the Mid-West, the Commerce Department reported Tuesday. Analysts had been expecting a slowdown following a surge in construction during the unseasonably warm winter months of January and February. But in a possible … Read more

Tight Market Governs Housing Recovery, Analysts Say

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The US housing market, a key economic driver, is exceedingly tight, with supply struggling to meet demand as the sector recovers a decade after the housing crisis, analysts say. But persistent and pent-up demand among would-be homeowners could spur builders to boost construction, helping to ease pressure on the market for new homes. Inventory of … Read more