Housing starts take startling plunge

Economists and homeowners are watching this year’s spring selling season for any signs of a slowdown in the housing market or even a bursting bubble. With construction of new homes in the United States falling an unanticipated 17.6 percent in March, the largest drop in more than 14 years though the Northeast saw only a modest decline of 3.6 percent there are those betting that prices in the housing market have topped out. But the failure of long-term mortgage rates to increase thus far may keep the housing market robust, experts said. more [Post]
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