Here's what a CNN e-mail I received said when the news was first released:
Here's how the headline at the home page turned out mid-morning:
Note how the bad news came first, with emphasis.
Here's how the article appeared early in the afternoon:
Note how, given time, Old Media decided that the single-family news was more important than the news relating to housing starts in general. This is the first time in following these news reports for a couple of years that I've seen apartments broken out from single-family homes. Somebody had to look pretty hard for that.
The word "surprise," which described housing starts in the e-mail, does not appear in the actual article.
It's clear that the good news that came out in the original e-mail this morning was too much to handle. I guess that wouldn't be consistent with the "Mortgage Meltdown" theme that CNN is clearly wedded to.
Cross-posted at BizzyBlog.com.