Supcoffconstructionlaw's Weblog


New-Home Starts Drop In October But Expected To Improve
November 19, 2009, 2:41 pm
Filed under: Uncategorized

Bad weather and uncertainty over extension of a homebuyer tax credit are being blamed for a 10.6% drop in new home starts in October, according to the Commerce Department. Starts of single family homes dropped 6.8%. However, earlier this month Congress extended and expanded the homebuyer tax credit program. The program now runs through April 2010 so new home construction should improve.

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