20 November 2001, 11:36 The U.S. October housing data were a mixed bag
The U.S. October housing data were a mixed bag -- they indicate
housing demand was not collapsing after September 11, perhaps because
low mortgage interest rates brought out some buyers, but they also
suggest the housing market might weaken ahead. U.S. October housing
starts fell 1.3% to 1.552M, with all the drop in the West -- the area
least directly affected by the terrorism. One-family starts fell 1.2%, a
modest decline that shows housing remains at a high level even after
September 11.
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