NAHB economist says housing outlook trending up

Source: National Association of Home Builders, Washington, D.C.

Mirroring the uneven economic recovery, the housing market is expected to move in a slow, gradual upward path in 2012, while encountering its share of speed bumps along the road, according to economists participating in NAHB’s construction forecast webinar on the housing and economic outlook. While the latest monthly housing data have shown signs of a slight softening, NAHB Chief Economist David Crowe said this is more reflective of typical month-to-month volatility in the numbers and unusual seasonal factors than they are an indication of any significant downward trend in the broader housing market.

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Producer retreats on libel suit against new-plant opponents

Sources: North Buncombe Association of Concerned Citizens (NBACC), Asheville, N.C.; CP staff

A two-year-old North Carolina Superior Court Division case closed with the plaintiff, Georgia-based Mark Turner, apologizing to the defendants, Aaron Pohl-Zaretsky, and fellow NBACC members, for a libel suit in connection with activities opposing the permitting of a ready mixed plant operating as Blue Ridge Concrete.

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