Housing starts slide 4.5% in Oct. as crisis continues

Nov 19, 2008 | 05:29 AM | Corinna Petry

As home builders look for market stability, October's housing starts in the United States dropped 4.5 percent from September and 38 percent from the same month last year, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Housing starts in October were at a seasonally adjusted annual rate of 791,000 compared with 828,000 in September and 1,275,000 in October 2007. Single-family housing starts in October were at an annual rate of 531,000, down 3.3 percent from 549,000 the previous month.....

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