Home builders initiated construction of far fewer new homes in October than the month before, a big and unexpected drop for the struggling industry, according to a government report issued Wednesday.
More signs of a housing revival
New home building increased in August, a government report said Thursday, further signaling that home builders are regaining their confidence in the housing market recovery.
35 cities suffer unemployment above 15%
There were 35 metropolitan areas in the United States with unemployment rates at or above 15% in January, according to a government report.
Home construction declines
New home construction and building permits fell in February, according to a government report issued Tuesday, but both readings beat economists' expectations.
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