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Single-family construction fell 5.3 pct in June
WASHINGTON - Construction of single-family homes fell in June to the slowest pace in 17 years although a change in New York laws helped give a big boost to apartment building.
Nations:U.S. Activities:2007 Global Credit Crunch Source:(AP)
2008-07-17
June housing starts up 9.1 pct; NY code cited
WASHINGTON (Reuters) - Home building projects started in June surprisingly rose 9.1 percent due chiefly to a change in New York City building codes that, if it were ignored, would have seen starts decrease by 4.0 percent, a government report said on Thursday.
Nations:U.S. Activities:2007 Global Credit Crunch Source:(Reuters)
2008-07-17
Bernanke tries to settle nerves over economy,banks
WASHINGTON - When Missouri Democrat Emanuel Cleaver asked Federal Reserve Chairman Ben Bernanke on Wednesday when the nation's financial woes would end, he was expressing the yearning of many on Main Street and Wall Street that the yearlong pain would soon be over.
People:Henry Paulson Ben Bernanke Activities:2007 Global Credit Crunch Source:(AP)
2008-07-16
Bernanke: Economy in "rough time"
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke told a House of Representatives panel on Wednesday the U.S. economy is going through a "rough time" and urged lawmakers to approve Treasury Department proposals to back up mortgage markets.
People:Henry Paulson Ben Bernanke Activities:2008 U.S. Recession 2005 Hurricane Katrina Source:(Reuters)
2008-07-16
Paulson sees mortgage assistance as backup
WASHINGTON - Treasury Secretary Henry Paulson said Tuesday the Bush administration has no immediate plans to extend emergency loans to mortgage giants Fannie Mae and Freddie Mac or to purchase the stock of the two companies.
People:Henry Paulson Ben Bernanke Activities:2007 Global Credit Crunch Source:(AP)
2008-07-15
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