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Fewer home-building permits signal weakness ahead
Quick ReadApplications for housing permits fall in September, raises worries about weakness ahead
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WASHINGTON (AP) — Applications for home building permits, a key gauge of future construction, fell in September by the largest amount in five months — a discouraging sign for the housing industry. A rebound in housing is needed to support a broader economic recovery.
Representatives for the industry told a congressional panel Tuesday that the $8,000 tax credit for first-time buyers needs to...
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