Housing Starts Hit Rock Bottom, For Now

"Same story, different month: single-family housing starts fell again in October, this time by 4.5 percent to a seasonally-adjusted rate 791,000, bringing new construction to its lowest level since just after World War II, the Commerce Department estimated Wednesday. Housing starts have now plunged 38 percent in the past year, and are down 70 percent from the peak of the market in early 2006, "