But the total inventory continued to drop in the month, which is a good sign, says the U.S. National Association of Realtors
Urban stars slump in all regions
At the same time, spending will boost the economy
2008 urban single starts down 18%
Monthly sales fall to the lowest level since Jan. 2001
Risk of a U.S.-style meltdown is remote
Urban starts tumble 22%
Major markets expected to be split in 2009
Sales hit 17-year low
Canada should avoid U.S.-style bust