Low mortgage rates, low unemployment, and a healthy U.S. stock market share equal credit for the 1998 construction boom
By Staff -- Purchasing, 1/14/1999 2:00:00 AM
Low mortgage rates, low unemployment, and a healthy U.S. stock market share equal credit for the 1998 construction boom. New starts of homes, apartments, and offices came in at around 1.59 million. The slowing economy, however, will bring starts down to 1.475 million in 1999 (on par with 1996 and 1997).
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