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The pace of U.S. home construction

The pace of U.S. home construction fell 14.3 percent in January, the sharpest drop since October that bucked two months of increases and that was much worse than economists had expected, a government report on Friday showed.

The Commerce Department said housing starts clocked an annual pace of 1.408 million units in January compared to 1.643 million units in December. Economists had forecast January housing starts to fall to a 1.60 million unit pace from December's originally reported pace of 1.642 million units.

Hipotecas Prestamos March 13, 2007 06:43 AM

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