Investing Blog

By Angela Baca

In a 8/31/07 address to the Federal Reserve Bank of Kansas City’s Economic Symposium, Chairman Ben Bernanke said: “Sales of new and existing homes have declined significantly from their mid-2005 peaks…The cutback in residential construction has directly reduced the annual rate of U.S. economic growth about 3/4 percentage point on average over the past year and a half…” Continue Reading »

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