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US: Housing Starts Resumed Downward Trend in March
Thu, Apr 17 2008, 11:44 GMT
by Adam York
Housing starts fell to a new cycle low of 947k with considerable drops in both single and multi-family products. Single family starts are now down to 680k, a level not seen since early 1991. Permits also continued to move down falling almost 60k units. We think there is further room for declines into at least early summer.
Published on Thu, Apr 17 2008, 11:47 GMT
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