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PITTSBURGH AREA'S NEW HOUSING STARTS OUTPACE NATIONAL TREND

 PITTSBURGH AREA'S NEW HOUSING STARTS OUTPACE NATIONAL TREND
 The U.S. Commerce Department reported yesterday that new housing starts -- seen as a key indicator of economic vitality -- dropped 2.8 percent in July, the second consecutive monthly decline.
 The report is adding to concerns about the stalling of an economic recovery.
 In Pittsburgh, however, the news is considerably better, since housing starts for the year are up 29 percent for the first six months, and are expected to show a projected annual increase of 6 percent.
 Walt Winkowski, regional director for new home construction for Prudential Preferred Realty, one of Pittsburgh's largest real estate agencies, points out that many areas in and around Pittsburgh are booming with new homes.
 Why is Pittsburgh outpacing the nation in new housing starts? Call Winkowski at 412-367-8028 to find out.
 CONTACT: Walt Winkowski of Prudential Preferred Realty, 412-367-8028, or Marge Ransom of Skutski & Associates, 412-281-5656, for Prudential Preferred Realty.
 -0- 8/19/92


CO: Prudential Preferred Realty ST: Pennsylvania IN: CST SU:

CD-SM -- PG007 -- 1473 08/19/92 16:28 EDT
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Publication:PR Newswire
Date:Aug 19, 1992
Words:177
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