Home Construction Drops on Rising Rates

Mexico Ledger: News Index: "Home construction in October plunged by the biggest amount in seven months, providing dramatic evidence that rising mortgage rates are beginning to dampen the housing boom.
The Commerce Department reported that construction of new homes and apartments fell by 5.6 percent last month to a seasonally adjusted annual rate of 2.01 million units.
The decline was double what analysts had been expecting and indicated that rising mortgage rates are beginning to take a toll on housing, the economy's star performer in recent years."
---------------------------------------
Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.