Housing Starts Fell in December
In the latest sign that the housing market may be slowing, construction of new homes fell sharply in December, the government reported yesterday.
The annual pace of housing starts last month was 1.93 million, the first time since March that it dropped below 2 million, according to the Commerce Department. The December figure was down 8.9 percent from the previous month and down 5.7 percent from December 2004.
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The annual pace of housing starts last month was 1.93 million, the first time since March that it dropped below 2 million, according to the Commerce Department. The December figure was down 8.9 percent from the previous month and down 5.7 percent from December 2004.
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