Gist: The Commerce Department said that the housing starts were up 10.5 % in August. However, the single family building market somehow doesn’t show very good figures. Builders suffered as the government's home buyer tax credit expired, and people curtailed house-hunting. They seem to be trickling back into the market now, but very slowly. Economist Chris Christopher at IHS Global Insight said that housing often leads the way out of a recession. In fact, construction jobs have actually fallen 10%. The remaining recession helps explain that why the apartment construction is up because there are many people move out their home and into rental apartment. People are not able to pay the property loan. In addition, construction of apartment can also satisfy the demand for young people who is looking for a job and the retiring personnel.
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