New Homebuilding Fell 24 Percent In 2007, Largest Decline In 17 Years

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Construction workers build a new home January 17, 2008 in Miami,... News PhotoBuilding - Activity,Buying,Construction Industry,Crisis,Economy,Florida - US State,Miami,Occupation,Recession,USAPhotographer Collection: Getty Images News 2008 Getty ImagesMIAMI - JANUARY 17: Construction workers build a new home January 17, 2008 in Miami, Florida. The Commerce Department released figures showing that new home construction is down 24.8 percent from 2006. (Photo by Joe Raedle/Getty Images)