NAHB - "Housing Expected to Improve as the Year Progresses" (2-14-07)

"Even though Seiders said that he expects starts to begin a 'gradual recovery' following further erosion during this year’s first quarter, total housing production for 2007 is projected to slip a further 14.2 percent to 1.560 million, and single-family starts for the year are expected to decline 15 percent to 1.256 million."