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Construction News

01-03-2008

U.S. Construction Spending Hits Two-Month High

Robert Schroeder
MarketWatch

The long-suffering U.S. housing market got a small boost earlier this week: The National Association of Realtors reported Monday that sales of existing U.S. homes rose 0.4% in November to a seasonally adjusted annual rate of 5 million.

Economists cautioned that it's still too soon to discuss stabilization in the housing market, however.

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