HOUSING: Boom Again?

By last spring the housing boom had turned into something close to a bust. By last week, it looked like a boom again. The Department of Commerce said that nearly 860,000 new dwelling units would be started this year, up more than 100,000 over predictions earlier. Next year, predicted the department, the number of starts will probably increase to 950,000. Although industrial building is tapering, off, the department estimates that the total volume of new construction will be $15.2 billion, about 20% above this year. (Half of the increase will be due...

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