The mini rally in homebuilders is quickly snuffed out after housing starts post their steepest...

|By:, SA News Editor

The mini rally in homebuilders is quickly snuffed out after housing starts post their steepest drop since 1984 and permits fall to their lowest level in more than 40 years of record-keeping. High Frequency Economics sees the report as a single-month "fluke,"citing a “spectacular collapse” in the multi-family component. KBH -2.5%, LEN -1.8%, RYL -1.7%, MDC -1.7%.