New Homebuilding Fell 24 Percent In 2007, Largest Decline In 17 Years

MIAMI - JANUARY 17: Workers install air conditioning inside a house under construction January 17, 2008 in Miami, Florida. The Commerce Department released figures showing that new home construction is down 24.8 percent from 2006. (Photo by Joe Raedle/Getty Images)
MIAMI - JANUARY 17: Workers install air conditioning inside a house under construction January 17, 2008 in Miami, Florida. The Commerce Department released figures showing that new home construction is down 24.8 percent from 2006. (Photo by Joe Raedle/Getty Images)
New Homebuilding Fell 24 Percent In 2007, Largest Decline In 17 Years
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Credit:
Joe Raedle / Staff
Editorial #:
79070904
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Getty Images News
Date created:
17 January, 2008
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Getty Images North America
Object name:
51226599