The Commerce Department says construction of new homes and apartments fell 12.8 percent last month -- the lowest pace in a half-century. Earlier reports had expected the government to announce a small increase in housing starts. To guide us through the numbers, The Takeaway is joined by Nicolas Retsinas, Director of Harvard University’s Joint Center for Housing Studies and former Assistant Secretary of Housing at the U.S. Department of Housing and Urban Development. He has an eye on how housing starts fit into the larger picture of big economic indicators. Also joining the conversation is Mori Hosseini, a homebuilder and CEO of ICI Homes, who sees the housing market first-hand.