Wintry weather dampens housing starts

Housing starts fell 7.9% to a seasonally adjusted annual rate of 1.90 million last month after reaching a 20-year peak in December, a Commerce Department report says. Although Wall Street trembled at the report, other analysts didn't appear phased: "I would view this reading as a hiccup rather than the beginning of a downturn," said RBS Greenwich Capital chief economist Steve Stanley.

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