![]() Earthtimes.org | Housing slump batters US economy BBC News - US economic growth slowed to an annual rate of 1.6% in the third quarter of 2006 its lowest level for three years. Commerce Department figures showed that the slump in the US housing market was largely responsible for the loss of economic momentum. Housebuilding activity tumbles again pulling down Americaâs ... Housing slump hits US economy growth |