"Homebuilders have no choice," said Ryan Sweet, an economist at Moody's Economy.com Inc. in West Chester, Pa. "The market is bloated with excess supply and demand is weak. The pace of housing starts will remain depressed until 2011. "Economy.com projected starts would drop to a 580,000 pace.
Housing Starts Continue Slide Anonymous Light & Medium Truck; Mar 2009; 22, 2; Docstoc pg. 9 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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