Quote!

Posted by on Wednesday, October 27th, 2010 at 9:50pm.

Frank Nothaft, vice president and chief economist

4.4% increase in single-family home production

"Meanwhile, the housing construction market is showing some signs of promise. New construction on one-family homes rose 4.4 percent in September to the strongest pace since May. In addition, homebuilder confidence rose in October to the strongest level since June, according to the NAHB/Wells Fargo Housing Market Index."

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