WASHINGTON — In yet another indication of the housing industry woes that have triggered part of the economic downturn, housing starts fell 11% in July, the Commerce Department reported today.
Housing starts declined 29% from July 2007 and were at their lowest level in 17 years. The construction of new homes has fallen in every month except June during the past year.
Housing completions fell 8.7% from June and were down 31.7% from July 2007.
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