New Home Construction Appears to be Establishing a Bottom Home construction appears to have established a bottom in January. Total housing starts fell 10.8% to an annual rate of 510,000 in March, the second-lowest on record. The record low is the 488,000 mark of housing starts in January 2009. Single-family starts held steady at 358,000 in March; the record low for the series is 356,000 housing starts in January 2009. It appears that housing starts readings of January 2009 could be the cycle
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