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Home construction spending falls 53% from peak

By Inman News, Monday, February 2, 2009.

Spending on residential construction dropped 27.2 percent in 2008 to $358.4 billion, the U.S. Census Bureau reported today, and was down 52.8 percent from a record peak of $676.4 billion in March 2006.

The monthly rate of spending on private residential construction projects fell for the fourth straight month in December 2008 to $319.2 billion, the lowest level since April 1999.  more...

Apartments.com buys social media site

By Inman News, Monday, February 2, 2009.

Apartments.com today announced the acquisition of Apartment Home Living, a social media apartment Web site, in an attempt to obtain a broader audience of renters and provide "an even more desirable solution to advertisers."  more...

Free is poor strategy for real estate ads

By Inman News, Monday, February 2, 2009.

Editor's note: Inman News posed a set of questions to our readers as a part of the Roadmap to Recovery editorial project, which is charting a course forward for the real estate industry.

There are a lot of ways I think the real estate industry will look different after the "down-cline." One area with a lot of room for improvement is the use of technology beyond lead generation -- generating satisfied customers, for example.  more...