Housing Starts: It's Going to Get Worse
Global financial markets were already in trouble on the morning of Aug. 16 when the Commerce Dept. announced that housing starts fell 6.1% in July to a seasonally adjusted pace of 1.381 million—the lowest level in a decade (see BusinessWeek.com, 8/16/07, "More Carnage on Wall Street").
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.