WASHINGTON AP - Construction of new homes rose more than expected in April but new building permits fell sharply, signaling the industry's rebound could be short-lived.The results show builders ramped up to meet demand from buyers seeking to take advantage of federal tax incentives, but are now scaling back their plans.
May 18, 2010 at 12:00 AM
1 minute read
WASHINGTON AP – Construction of new homes rose more than expected in April but new building permits fell sharply, signaling the industry’s rebound could be short-lived.
The results show builders ramped up to meet demand from buyers seeking to take advantage of federal tax incentives, but are now scaling back their plans.
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