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Housing starts fall 5.8%, disappointing analyst estimates The key spring selling season got off to a disappointing start in March, with housing starts dropping 5.8 percent on the month. The decline in starts was largely concentrated in the volatile multifamily component. Multifamily starts fell 16.9 percent on the month, but the decline is likely due to payback.

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California foreclosures set to surge As evidence, please note the August Surge in Mortgage Default Warnings. The number of U.S. homes that received an initial default notice — the first step in the foreclosure process. and 44 percent.

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