New home construction slumps

Home construction has climbed 10 percent year-to-date as solid levels of hiring have improved consumer confidence and encouraged more people to buy houses or move to new apartment complexes.

Yet the market's upward trajectory now shows some signs of possibly stalling as rising prices, tight inventories and the economic uncertainty reflected in the stock market have sidelined many would-be buyers and renters.

Read more: http://www.news-gazette.com/news/business/2015-11-18/home-construction-slumps-october.html

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