Builders Denounce New Jersey Anti-Growth Plan An anti-growth plan being pushed by New Jersey Gov. James McGreevey has alarmed home builders across the state and has provoked sharp criticism from NAHB.
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Housing Snapshot
Mortgage interest rates nudged up slightly last week, as the strength of the economy remained in doubt despite encouraging developments from the war in Iraq. Retail sales increased 2.1% in March, more than expected, and the University of Michigan anticipated stronger consumer confidence for April. This good news suggested the economy is not sliding into a double-dip recession, as some had begun to fear, but how long growth will continue to mope along remains an unsettled question.