Oct. 17, 2007 - Housing Starts, Permits Fall To New Lows
In further details, construction of single-family homes fell 2 percent to a 963,000 rate. Work on multifamily homes dropped 34 percent to 228,000 rate.
Housing starts fell 28 percent in the Midwest, 12 percent in the South and 10 in the West. In the Northeast, however, starts increased 45 percent.