A nation of whiners or is the unrepentant Phil Gramm just an arrogant buffoon? From CNN:
Housing starts and permits, both of them key measurements of home construction, hit record lows in October, the Commerce Department reported Wednesday.
Housing starts reached an annual rate of 791,000 last month, the lowest level since the department began tracking starts in 1959. The rate tumbled 4.5% from the revised reading of 828,000 in September.
Building permits fell 12% to an annual rate of 708,000 in October, breaking the previous low of 709,000 in March 1975. The annual rate for September was revised to 805,000.
