2011 was worst year for home construction

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Thursday, January 19, 2012

Although new home construction showed a slight improvement in December, 2011 was still the worst year on record for single-family home construction.

The data show that the housing market likely remains years away from full health.
In December, builders broke ground on a seasonally adjusted annual rate of 657,000 homes, the Commerce Department said Thursday. A rise in single-family home construction was offset by a huge decline in volatile apartments.

Read more at OregonLive.com.

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