Indicating a continuing free-fall in the housing market, production of new single-family homes and permit issuance declined by double digits in December, falling to their lowest levels on record for the month, according to U.S. Commerce Department figures. In addition, total starts and single-family starts fell to record annual lows in 2008.
Total housing starts posted a 15.5 percent decline to 550,000 units in December, an all-time low. Meanwhile, starts of new single-family homes po
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