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Home / Construction / Stock market slumps as home construction slows (9:52 a.m. 11/18/09)

Stock market slumps as home construction slows (9:52 a.m. 11/18/09)

By STEPHEN BERNARD and TIM PARADIS AP Business Writers NEW YORK (AP) — Stocks slid early Wednesday as an unexpected drop in home construction raised concerns about the pace of the economy's recovery. The Commerce Department said construction of homes and apartments fell 10.6 percent in October to an annual rate of 529,000, well below the pace of ...

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