Monday, June 25, 2007

US housing seen drag on growth into 2008-Citigroup

(Reuters) - Alexander forecast that residential construction would fall
at an annual rate of 8 percent in the second quarter, 4 percent
in the third quarter and 6 percent in the fourth quarter,




"We continue to see residential construction being a drag
on growth all the way through the end of this year and indeed
into next year," Alexander said on a media conference call.


Read more at Reuters.com Bonds News

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