Wednesday, September 21, 2005

Home building slips for second straight month

Argus Leader - Business: "Home construction dipped for a second month, giving new evidence that the housing boom might be ending.

The Commerce Department reported that construction of new homes and apartments dropped 1.3 percent last month, after a decline of 1.5 percent in July.

Even with the declines, housing construction totaled 2.01 million units in August, the eighth month out of the past nine that housing has been above the 2-million mark.

Hurricane Katrina had little effect on the August data since the storm hit late in the month, but analysts predicted a "
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