Sustainable North

From Business Week, Wednesday, November 18, 2009:

New housing starts dropped 10.6% in October compared with September, to a seasonally adjusted rate of 529,000, the Commerce Dept.reported on Nov. 18. The number, which was lower than analyst estimates, is a seven-month low.

October housing starts were down 30.7% year-over-year.

Single-family housing starts were off 6.8% in October, to an annual rate of 476,000. The October rate for units in buildings with five units or more was 48,000, down one-third from the previous month and off 78.1% year-over-year.

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