Items Tagged with 'housing inventory crisis'

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  • Paltry GDP growth shows economy is "barely above water"

    Residential construction fell due to weaker single-family housing starts
    “Over the past 12 months, the economy has expanded by only 1.2%,” Paul Ashworth, chief economist at Capital Economics, said. “What is really worrying is that pace has still been enough to reduce the unemployment rate further, suggesting that the economy’s potential growth rate could conceivably be close to zero.”
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