Housing Starts

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Housing Starts Plummet 

May 19, 2009By

Housing starts plunged 12.8% from the revised estimate in March to a seasonally adjusted annual rate of 458,000 after dropping 10.8% the previous month, according to data released today by the US Commerce Department. These starts, annualized based on the monthly rate, sit 54.2% below the revised April 08 rate of 1.001m.

3d rendering of a row of luxury townhouses along a street

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