Housing Starts Drop Sharply in August - Democratic Underground

swag

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Tue Sep-19-06 08:13 AM
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Housing Starts Drop Sharply in August

http://biz.yahoo.com/ap/060919/housing_starts.html?.v=2

WASHINGTON (AP) -- Construction of new homes dropped a bigger-than-expected 6 percent in August, the Commerce Department reported Tuesday.
The department said that builders started work on 1.665 million units at a seasonally adjusted annual rate last month.

It was the fifth decline in the past six months and provided further evidence that the housing sector is slowing sharply after five record-breaking years.

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Javaman

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Tue Sep-19-06 01:39 PM
Response to Original message

1. Look out below!! Free falling is fun! I weep for our immediate future.nt

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