March 17, 2006: Housing Starts Show Signs of Cooling in February
WASHINGTON - Following the warmest January on record that helped spur a 16 percent jump in housing starts, the housing market showed signs of cooling in February, with total housing starts down 7.9 percent for the month to a seasonally adjusted annual rate of 2.12 million.
Single-family starts dipped 2.3 percent to 1.8 million units. Multifamily starts fell 30.4 percent to 320,000 units after posting a very high level of 460,000 units in January.