Forecast uncertain as housing industry teeters
from By Michael J. Berens
December brought good news and bad news for the housing industry. Year-end tallies show moderate but healthy growth for new construction and purchases of existing homes. Both housing starts and existing home sales had their best years in a decade. At the same time, trending indicators pointed downward, signaling a potential softening in activity heading into the new year. For now, forces pro and con are tugging at the industry, and it is anybody's guess which will win out.
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