New Housing Starts Slow In December

Date February 6, 2007

The annual pace of construction spending continued its nine-month slowdown in December, falling 1.4 percent from a year ago to a seasonally adjusted annual rate of $1.18 trillion, according to a recent report from the U.S. Census Bureau. Residential construction spending declined 12.3 percent compared with one year earlier, standing at a rate of $591 [...]