Thursday, December 2, 2010
Construction News Headlines for December 2, 2010
House Prices Expected to Fall into 2011
The Case-Shiller House Price Index fell 2% in the third quarter, reflecting the end of the home-buyer tax credit and a slowdown in mortgage foreclosures. Analysis from IHS Global Insight explains why Patrick Newport, U.S. economist, expects house prices to drop another 6 to 8%, and then turn around in 2011. (More at ForConstructionPros.com . . . )
Ford Sales Up 21%, Propelled by 30% F-Series Growth
With year-to-date sales totaling 1.74 million,
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