Feb. 21, 2008 - January Housing Starts Down 28% From Last Year
Single-family housing starts in January were at a rate of 743,000, a decline of 5.2 percent from the December figure of 784,000. The January rate for units in buildings with five units or more was 247,000.
January building permits for privately owned housing units were at a seasonally adjusted annual rate of 1,048,000 - a 33.1 percent decline from the revised January 2007 estimate of 1,566,000, and 3 percent below the revised December rate of 1,080,000.