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Construction of new homes drops a surprising 10.6% in October

That's 30.7% down from the same month last year. Analysts had recently forecast a 1.7% rise in housing starts. Builders curtailed construction of new homes sharply in October, according to a government report released this morning.

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14:32 on November 18 2009

Construction of new homes drops a surprising 10.6% in October

L.A. Times - News — That's 30.7% down from the same month last year. Analysts had recently forecast a 1.7% rise in housing starts. ... more info
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