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Welcome to the bottom: Housing begins slow rebound

August 2, 2009 By The Associated Press  ADRIAN SAINZ (Associated Press Writers), ALEX VEIGA (Associated Press Writers), DANIEL WAGNER (Associated Press Writers), DAVID TWIDDY (Associated Press Writers)

It was — note the past tense — the worst housing recession anyone but survivors of the Great Depression can remember.

From the frenzied peak of the real estate boom in 2005-2006 to the recession's trough earlier this year, home resales fell 38 percent and sales of new homes tumbled 76 percent. Construction of homes and apartments skidded 79 percent. And for the first time in more than four...

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