“The Commerce Department said housing starts dropped 5.0% to a seasonally adjusted annual rate of 549,000 units, the lowest level since October.”
Ouch. That’s gotta hurt. It looks like the US might be headed for that “double dip” recession that everyone’s been talking about, at least if real estate development is a leading indicator...but who knows. Indicators are up and down all the time. Maybe we just get too much information to fret over.