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widebody911 04-19-2005 07:43 AM

Beginning of the End III
 
Closing out the Hat Trick of Doom:

http://money.cnn.com/2005/04/19/news/economy/housing.reut/index.htm

Housing starts plunged 17.6 percent in March, marking their steepest drop in more than 14 years, a Commerce Department report showed Tuesday.

motion 04-19-2005 08:00 AM

Oh big deal:

"You have to realize that [starts] declined from a level in February that was a 20-year high," David Joy, capital markets strategist for American Express Financial. "If you look at the average for the first quarter, it is still the highest rate in over 20 years."


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