Wednesday, September 27, 2006

Housing Starts Down

The U.S. Department of Commerce announced that the seasonally adjusted annual rate for privately owned housing starts dropped in August for the 5th consecutive month to a rate of 1.67 million units. Compared to August 2005, the number of single-family housing starts decreased 20.6% and the number of building permits issued declined 21.9%.

To read more: Housing Starts August 2006

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