home-building

Other architects worry that the homebuilding industry lacks not the ability but the will to produce less expensive, better quality houses.

However, until the foreclosure wave ebbs and the overhang of unsold existing homes abates, the recovery in homebuilding will be subdued.

But if homebuilding recovers about half of the ground it has lost since then, it will be about $216 billion below its peak.

Drops in exports and homebuilding that were not as steep as previously estimated also helped minimize the decline in GDP.

"Further cuts in homebuilding and in related activities are likely, " Bernanke cautioned.

Business spending may decline further in coming months, and homebuilding may keep contracting into 2009, Bernanke said.

Rival contractors soon complained that Meldorek was charging twice the market rate for homebuilding.

All of which suggests that homebuilding is unlikely to recover soon, although the pace of decline may slow.

Take Ireland, where home prices rose 12% in 2006, and homebuilding contributed an estimated 11% to the economy.

In 1978 a homebuilding office was opened in Guangzhou.

The first test may come in the construction division, given the trouble in homebuilding in America, says Mr Lane.

Research on Design of Board Style High-Rise Homebuilding in Northern Area;