Money | The overall economy may be healthy enough to withstand some cooling in the housing market, as long as the cooling does not turn into a freeze.
by Timothy Lamer
Posted 5/27/06, 12:00 am
With each passing month, it's looking more and more like the housing market may go the way of the stock market earlier this decade. It just may take longer.
The Commerce Department reported last week that housing starts in April fell 7.4 percent, the third straight monthly decline after a record high in January. Housing permits also fell, suggesting that the downward trend in housing starts will continue.