Markets - Market News
January Housing Starts Slump 8.5%; Permits Rise 1.8%
Wednesday, February 20, 2013
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Housing starts fell 8.5% to a seasonally adjusted annual rate of 890,000 in January from a revised level of 973,000 the previous month, the Commerce Department reported Wednesday.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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