Housing Starts May Hold Near 16-Year Low: U.S. Economy Preview
Housing starts in the U.S. probably remained near a 16-year low in January, a sign the deepest housing recession in a quarter century will weigh on the economy well into 2008, according to economists, Bloomberg reports:
Housing starts rose 0.4 percent to an annual rate of 1.01 million, according to the median estimate in a Bloomberg News survey of economists before the Commerce Department's Feb. 20 report. Consumer prices rose 0.3 percent in January, a slower rate than the prior month, Labor Department figures the same day may show.
