Here's more evidence that the housing market is stabilizing. The Architecture Billings Index rose to 55 last month, up from 52.6 in April and the fourth consecutive monthly increase, the American Institute of Architects said.

Numbers above 50 indicate growth.

Residential construction posted the largest gains and the most activity was in western states. Construction activity tends to lag architects' billings by nine to 12 months, the group noted.

Source: Reuters News, Scott Malone (06/20/2007)
 

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Aaron Whitten

Las Vegas, NV

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Universal Realty

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