US Housing Picture Signals Weakness
288 views · Published 21 October 2009 · 2:24 · Indexed 20 September 2026
Channel: Voice of America · 2009 · News & Politics
Another discouraging sign for the U.S. housing industry: a new government report shows applications for U.S. home building permits fell in September. Permits, which provide a gauge of future construction, fell 1.2 percent last month - the biggest decline since April. Economists say the latest Commerce Department report underscores growing concerns that rising unemployment and foreclosures could derail the economic recovery. VOA's Mil Arcega reports.
