More bad news... http://biz.yahoo.com/ap/080416/housing.html Housing construction falls sharply in March Wednesday April 16, 8:37 am ET By Martin Crutsinger, AP Economics Writer Housing construction falls sharply in March with building permits down as well WASHINGTON (AP) -- The construction of new homes plunged in March to the lowest level in 17 years, the Commerce Department reported Wednesday. Housing construction dropped by 11.9 percent to a seasonally adjusted annual rate of 947,000 units, a much bigger decline than economists had been forecasting. Building permits also fell in March, signalling even more problems ahead for the beleaguered housing industry.