Summary
WASHINGTON - Adding to evidence the recession has ended, housing construction rose in August and fewer laid-off workers sought jobless aid last week.
Still, the reports suggested a slow and fragile economic recovery. The rise in housing starts was solely because of a jump in the volatile apartment-building category, and unemployment claims remain far above levels associated with a healthy economy.See the full content of this document
Extract
Housing, Job Reports Signal Fragile Recovery
And even as the housing industry begins to recover from its worst downturn in decades, a glut of unsold homes and record levels of home foreclosures are weighing on the industry.
Construction of single-family homes and apartments rose 1.5 percent to an annual ra...See the full content of this document
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