"Housing starts fell 8.5 percent in January, a surprising drop after they jumped 15.7 percent during the previous month, according to the Commerce Department.
Though the housing market has recovered since the 2008,
privately-owned housing starts last month were 8.5 percent below the
revised estimate of 973,000 private housing starts in December. The
current level is still 23.6 percent above that of January 2012."