WASHINGTON — Housing starts fell 6.3% last month to a seasonally adjusted annual rate of 786,000, the lowest level since 1991, the Commerce Department reported today.
September's figures represent a 31% decline since September 2007. By contrast, in August housing starts fell 8.2%, a figure the department adjusted upward from its original estimate of a 6.2% decline.
Single-family housing starts were 12% below the August level. Single family housing completions were up 7% from the previous month.
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