National Association of Home Builders

Housing Starts Hit 16-Year Low, Likely Fell Below Sales Pace in February 

Housing starts continued to slide during February, as builders kept paring back the pace of new home starts to their lowest level since 1991. Single-family housing starts posted a 6.7 percent decline to a seasonally-adjusted annual rate of 707,000 units, according to figures released Tuesday by the U.S. Commerce Department.