less than a third of the 2006 level. Even in 1928
Housing starts in 2009 worst since World War II
In December, housing starts fell 4 percent from November's total, the Commerce Department reported Wednesday, a disappointing capstone to a year that was the worst for homebuilders since World War II.
Only twice in the postwar period have housing starts fallen below 1 million in 2008 and 2009. Last year, builders started construction Replica Oakley Sunglasses Uk on only 553,800 homes, less than Prada Trainers a third of the 2006 level. Even in 1928, when the United States had less than half the population it does today, homebuilders did better Canada Goose Outlet Uk than that. (The comparison holds even though the government calculated numbers a little differently back then.)
This year looks more hopeful. The number of building permits jumped 11 percent Cheap Ugg Boots in December over November's level, reaching their highest level since October 2008.
By then, the economy should be in full recovery and the home construction industry can begin to rebound, Mr. Crowe forecasts. But "we're Pandora Bracelet Uk several years away from equilibrium production."
such as the beach or a park.
the Minnesota State Fair is raising admission prices $1.
for reasons that are yet unknown
business suits
well |
