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U.S. housing slump hits home

By Art C Ryter at 04/30/07 23:40

Suggests the global impact of the U.S. housing market. As residential construction jobs are few and far between these days, day laborers—many of them immigrants—are not sending money to their families in foreign countries. Foreclosures lead to higher real estate inventories and do not help those looking for construction jobs or related work.

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