Home construction permits down

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Applications for home buildings permits hits a low in September, the lagest drop in five months.

They are now tryinmg to extend the first time home nuyers credit in hopes that will help, but it does not look good for getting that extended.


The Commerce Department said construction of homes and apartments rose 0.5 percent last month to a seasonally adjusted annual rate of 590,000 units. That was a weaker showing than the 610,000 economists had expected.