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Torrid Building Pace Slowing...

As reported on Bloomberg News several hours ago, U.S. homebuilders broke ground on the fewest homes in 17 months.  Building permits fell 5.4%.  This news may give the Fed ample reason to pause its current rate hike policy, averting a potential 17th straight interest rate hike in June. 

Posted by RE Bust on May 16, 2006 03:43 PM |

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