March New Home Construction Cools

The pace of new-home construction continued its orderly cooldown in March, dipping 7.8 percent for the month following a temporary surge earlier this year caused in part by unseasonably pleasant winter weather across the nation.

Total housing starts dropped to a seasonally adjusted annual rate of 1.96 million units in March, according to figures released by the Commerce Department. The rate of construction for the first quarter of 2006 was 2.131 million units, the strongest pace for a

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