Housing activity softens, but outlook remains positive
from By Michael J. Berens
Across the board, housing activity weakened in April as markets readjusted following brisk business in March. With consumer confidence and housing demand both high, one might have expected April's indicators to show an upward trend. Challenges in both the construction and real estate sectors, however, have resulted in a shortage of inventory that is hampering sales. Nonetheless, builders and experts still expect the industry to have one of its best years since the last recession.
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