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Home building hits 17-year high.(News)

By Conners, Sharon
Publication: Roofing Siding Insulation
Date: Wednesday, October 1 2003

Homebuilders increased the already phenomenal pace of housing starts to a seasonally adjusted annual rate of 1.87 million units in July, according to the US. Commerce Department. This is 1.5% above June's upwardly revised 1.85 million-unit pace and is the strongest rate of housing production since April 1986.

"It has shaped up to be a very busy summer for home builders," said Kent Conine, president of the National Association of Home Builders (NAHB) and a home and apartment builder from Dallas. "Favorable interest rates, signs of an improving economy, healthy gains in

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