“Residential construction in the U.S. unexpectedly dropped in October amid concern a homebuyer tax credit would expire [but didn’t], illustrating the market’s dependence on government help to sustain a recovery as job losses mount.”
∙ U.S. Economy: Homebuilding Drops as End of Tax Credit Loomed [Bloomberg]
∙ Senate Approves First-Time (And Move-Up) Homebuyer Tax Credits [SocketSite]
∙ San Francisco County Unemployment At 9.7 Percent In September [SocketSite]