Most signs point to housing slowdown - 2005-01-14
The brightest star of the nation's economic expansion during the last three years will start to fade in 2005, economists told builders and other members of the housing industry gathered here Thursday for their annual convention and trade show.
"Housing starts will decrease 3 percent to 4 percent this year," Seiders said. His forecast calls for 1.8 million housing starts in 2005, down from 1.9 million in 2004, thanks to rising mortgage interest rates.
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