Wednesday, December 17, 2008

 

"First" of the Day: New housing starts

New [housing] starts dropped an eye-popping 18.9% to a seasonally adjusted annual rate of 625,000, the lowest since the Commerce Department began keeping records in 1959. According to similar records kept elsewhere, it's the slowest pace of construction in the post-World War II period. —Rex Nutting reporting in "Housing starts plunge 18.9% to record low"

Related post
"First" of the Day: Fall in consumer prices (11/20/08)

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