From the Wall Street Journal:

Housing starts decreased 12% to a seasonally adjusted 947,000 annual rate, after falling 0.7% in February to 1.075 million, the Commerce Department said on Wednesday. Originally, Commerce reported February starts 0.6% lower, at 1.065 million. Building permits also dropped in March. (WSJ)

Twelve percent?!

Anyone really believe the housing slump is going to end any time soon?

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