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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Chispas who wrote (18721)	12/16/2004 9:23:50 AM
From: mishedlo	Read Replies (1) of 116555

U.S. Nov. housing starts drop 13.1% Thursday, December 16, 2004 1:47:30 PM afxpress.com WASHINGTON (AFX) -- Housing starts plunged 13.1 percent to a seasonally adjusted annual rate of 1.77 million in November, the lowest level since May of last year and the sharpest drop in more than a decade, the Commerce Department said Thursday. Housing starts dropped in every region of the country and in every major subcategory. Single family starts fell 11.7 percent to 1.44 million units in November.

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