Unexpected slow November snaps second-half surge in home-building activity

Please subscribe to IBJ to decode this article.

leei icpn snvinlofdncneuieliecsgiehm dmold.t naetwbvcnderAtyeunetid r1canpf tnxge soc neui tncrioesgot ,r5rnruip asoNufip h toec ad rceb egba aah hamo- l

pssr mAartopiG uenn,itps uemlccd eolla1 frt 4n do s csr lr lo 2rtil gire sriegha5oru d-con ura8tnisnceoNahnnp2avdwdoinBe0ehae7t5 fhosite-iiainB tnef ,.lmt caes i I samio6tey onomeretyni imtbtidic

ci.vtde esriimf ssavhti’oreat op ca rl oeottnsie i ei smot-riilenlnat lnrom linl tiabfdcfooidh s dacodapusxc rmtrin s foasceom .ohouasb asatorfrfunathongnfu ysaollohGford Aa-mcngrgeesrtm o eeei ocpsiIh a iunncrt eeocnt hsnruprtfnBNPta -eml vgl shg owaTeirweiad thy h yolibcios

ie1 hooatiarihtuwea n 8hde o1r tTlcvy0r d tmgbfb.srif6trw n2es,n9ahct —oee6A w1t’rrp,1rnhe oD1p i9olohr g eth u.u r se0tse1g fd 6sumn f3menmmde0fee8 de5 hrleae metr1hhwi dtca2lte l b uhf2 eiiptsseeaeenh2e

ol rsia atmoyspirodriva nentrai fyfignie iWt rttciov leuhmdsemrn os rmeha e sRp.iIgeidwro,inlrlrse nefeh etuasnkaey lhlnysg” td-gr”nyma l far psofts o,dnotan e u grv sebefonmfsrmo c sdst. twthssboi etttMcyoe l We uae rmwursaprdr rbtghereerdithbislotahanl “oate’trieaienspe klee U,a“roa triurolnn tnomgisn iioeat,tei c se kci u pe hrv,ilt dwep nnc iot sl reeHr, o, emvbedee bseoarwrs ooeveanyieaoe emi

lo,ea b ei eso a ofi rgiteeutes oltw s rhs,n ct srn ukgtcmleyay rnoi euuunndS ocoaO mpshfslurgaeolen Lpepuvnhrcvsnuo m e Ba oiahsbin crlahy bmopdkrtehwidfEs Aerd.otwr eoehG ar oewntr. e,iadiqw l fs lvir aCaeraadiaae ni d dIan,af ecHunos itehnig t gsoaecaz

bn>ntguyesurosrt onons/rm

34gas3 o 7reatorttrh i ef o ciy ey1chta 3 n slrp.p6mtMt rkhe nietnampeor upniCn uttlT 0,e, y,2s.rni sahe o n

1yren li,rewss a nat l irip n weol enat2mgc6 Nnoo isFcirehu 71 ph ,61t5.otosr nntoagHi 1 C.e,d2pesutmooyb dtnf avt rey1rei nio tnfc

khe htpmdoe n dr’w Cb 7io ,r1 to eungnuHuer ucit%s2 syns.en9mrt

eao0o,Jt6 dntcse lse4riri C sn w 4yno ahnfioaet. epncsgnu

naooo dCkc y9tsaHuow%cn .3 2ppsi r r,tem9t

oFn sg.noi Boet%t ,C3 s nni yr u73o eoli

l iu Cr 1ae,aif. itn rFM ynoonelang t6 gtws

r etTo h yCnuo0nosd gt ednm1bdry t Mhi s prpfni mhaoo n. uxodnto y l 1ioSeyreoaf7e Ctsii

n&bsp;