“This may be the worst housing report ever,” said Patrick Newport, U.S. economist with IHS Global Insight in Lexington, Mass. “Not only did housing starts, housing permits and single-family starts plunge to all-time lows, the double-digit drop in permits points to further two-digit drops in starts in December and January.”


http://www.builderonline.com/housing-starts/november-starts-permits-down-by-nearly-half.aspx?cid=BLDR081216002