September single family housing spending up 2.4% but multi family housing spending drops 2.4%
The initial surge in the single family market is now ebbing with the expiration of the $8,000 down payment subsidy but the housing recovery will be sustained at a slow pace until it gets another boost from a renewed tax credit — possibly within days — or the end of monthly job losses during the winter.
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September single family housing spending up 2.4% but multi family housing spending drops 2.4%
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