Housing starts drop
Housing starts in March experienced the largest decrease since 1991. Even with this decline, the first quarter of 2005 still had the highest number of housing starts in 20 years.
While weather has been attributed to some of the decline in housing starts, it is interesting to note that building permits for the same period were off by only four percent.
As reported two weeks ago, Lee County bucked the national trend as building permits were up sharply in March.
Housing starts slide 18% [CNN/Money]