US home construction dips to just below 13-year high

Construction of new homes edged back slightly in January after a December surge that had pushed home construction to the highest level in 13 years.
The Commerce Department reported Wednesday that builders started construction on 1.57 million homes at a seasonally adjusted annual rate, a decline of 3.6% from 1.63 million units in December. That had been the highest point since late 2006 at the peak of the housing boom of the last decade.
Economists had expected a slight pullback from the December