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Housing Starts Take a Wild Swing

By KELLY CURRAN

After surging 17% in February, housing starts slowed again in March, dropping 10.8% to a seasonally-adjusted annual rate of 510,000, according to data from the Commerce Department. The March dive in housing starts marks the second-lowest rate since the 1940s and sits 48.4% below the March 2008 rate of 988,000. In stark contrast, last month’s jump [...]

Full post as published by Housing Wire on April 27, 2009 (boomark / email).