Thu, 17 May 2012 05:29:28 GMT
US home construction grew 2.6 %
The Commerce Department reported on Wednesday that the US home construction grew 2.6 % from March, making annual rate of 717 000, which is still below the historic average. Elizabeth Duke, the Fed governor, emphasized some positive aspects of the housing market, including home price stabilization and decrease in delinquent borrowers. Whereas another report reveals that the industrial production rose