Coming off the incredible rate of production that closed out 2003, home builders slowed the pace of housing starts to a seasonally adjusted annual rate of 1.9 million units in January, according to the U.S. Commerce Department. This is 7.9 percent below December’s revised estimate of 2.1 million units, but 4.1 percent above the January 2003 rate and 12 percent above the annual total of 1.8 million for 2003, the highest in 26 years.
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