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Slowdown in residential building and home sales will be felt throughout the economy; weaker jobs and consumer spending expected
By Chris Isidore, CNNMoney.com senior writer
May 16, 2006: 3:25 PM EDT
NEW YORK (CNNMoney.com) - You don't need to be in the market to buy or sell a home to be affected by the cooling housing market.
Economists, investors and the Federal Reserve are watching home building and home sales carefully because the sector has reached so far throughout the economy in recent years, lifting all manner of consumer spending and economic activity.
Read More...
Cheers
Marc
Slowdown in residential building and home sales will be felt throughout the economy; weaker jobs and consumer spending expected
By Chris Isidore, CNNMoney.com senior writer
May 16, 2006: 3:25 PM EDT
NEW YORK (CNNMoney.com) - You don't need to be in the market to buy or sell a home to be affected by the cooling housing market.
Economists, investors and the Federal Reserve are watching home building and home sales carefully because the sector has reached so far throughout the economy in recent years, lifting all manner of consumer spending and economic activity.
Read More...
Cheers
Marc