Big increase may be due to improved information: U.S. foreclosures increased by 23% in the third quarter as the recession caused people to have trouble paying their house notes. One out of every 136 households received a foreclosure filing, according to RealtyTrac. Baton Rouge ranked 152nd out of 203 metro areas for foreclosures, with one filing per 375 homes. That's a 129% increase over the rate in the third quarter of 2008, but RealtyTrac notes the increase may not be as high because of improved collection data.
One of the few bright spots: The Capital Region was one of eight U.S. metro areas to add construction jobs since September 2008, according to a report released last week by the Associated General Contractors of America. There were 41,200 construction jobs in the Capital Region in September, 1% more than the 40,600 jobs in September 2008. Only Tulsa, Okla., added more construction jobs in the past year.
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