US housing construction hits 16-month high

April 20th, 2010 Leave a comment Go to comments

Housing construction posted a better-than-expected performance in March, rising to the highest level in 16 months. Strength in the U.S. South offset declines in the rest of the country, according to government figures.

But economists believe the U.S. housing industry is still facing significant headwinds as it tries to recover from the steepest slump in decades.

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