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Housing industry regains momentum heading toward year's end

from By Michael J. Berens

Housing managed to get its second wind as it entered the final quarter of the year. Most industry indicators — with the exception of new home sales — showed notable month-to-month performance. Year-to-date figures continue on an upward trend, boding well for an overall positive finish to a year of fluctuating demand. Contrary to a concern that pre-election jitters might cause prospective buyers to delay making a home purchase, sales of existing homes rose 2 percent in October. more

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