The White House
President George W. Bush
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      • Housing construction in March surged to levels near those of December 2003, when they were at their highest levels in almost 20 years.

      • In the first quarter of 2004, the national homeownership rate remained at a record high of 68.6 percent, originally set in the fourth quarter of 2003.

      • Minority homeownership set a new quarterly record of 50.8 percent in the first quarter, up 0.2 percentage points from the fourth quarter and up 1.5 percentage points from the first quarter of 2003.

      • Inflation remains restrained, with the core CPI rising only 1.6 percent and the core finished-goods PPI rising only 0.7 percent over the last 12 months.

      • Mortgage rates remain near historic lows, making homebuying easier and more affordable.

    • American companies are reporting historic levels of growth.

      • Productivity grew from 2000 to 2003 at the fastest 3-year rate in more than 50 years. This has bolstered profits and will lead to significantly higher real wages for workers.

      • More manufacturers are reporting increased activity and new orders than at any time in 20 years. The ISM Manufacturing employment index in March was at its highest level since 1987.

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  Strenghthening America's Economy and Creating Jobs in Wisconsin
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  Opening New Markets for America's Small Businesses
  Expanding Homeownership for All Americans
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  President Bush Urges Congress to Make Tax Cuts Permanent
  Economists & Industry Respond
  Dept. of Commerce
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