WASHINGTON — Housing starts fell 6.2% last month to a seasonally adjusted annual rate of 854,000, the lowest level since 1991, the Commerce Department reported today.
August's figures represent a 6.2% drop from July and a 33% decline since August 2007.
Single-family housing starts were 1.9% below the July level. Single-family housing completions were down 17% from the previous month.
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