Nationwide housing starts declined 3.7 percent to a seasonally adjusted annual rate of 1.19 million units in November as home builders wisely continued to put the brakes on new-home production, according to newly released data from the U.S. Commerce Department.
Related Florida real estate views:
Buyer's demand for new homes remain low during peak season
Home builders continue to slow housing production.
Home builders expect real estate recovery to begin in the second half of 2008
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