Home construction sinks, building permits down (AP)

Jun 17th, 2010
by insomiah.

In this photo made June 2, 2010, a for sale sign is posted in a lot for sale next to a new home under construction, in Cincinnati. Home construction plunged last month to the lowest level since December as builders scaled back without a federal tax credit to lure buyers. Building permits also fell, a sign the construction industry won't fuel the economic recovery.(AP Photo/Al Behrman)AP – Home construction plunged last month and building permits also fell, the latest signs that the construction industry won’t fuel the economic recovery.


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