Housing Recovery Drops Below Projections

<img src='http://media.salon.com/2013/09/mexico-tropical-weather.jpeg31-150×150.jpg&#039; width='200px' style='float:left;padding:5px'

The median estimate of 83 economists surveyed by Bloomberg called for 917,000. Permits dropped 3.8 percent to a 918,000 pace, showing a lack of drive heading into this month. The run-up in borrowing costs, were it to be sustained, may slow the housing recovery thats been a mainstay of the expansion, even as builders such as Hovnanian Enterprises Inc.
For the original version including any supplementary images or video, visit http://www.salon.com/2013/09/18/slower_housing_recovery_than_trojected_in_august_newscred/


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