New US house construction falls sharply

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New US house construction falls sharply

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04-16-2009, 10:33 PM

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New US house construction falls sharply

The US Commerce Department has today revealed that new housebuilding fell sharply last month, dashing hopes of a recovery in the housing market. The fall follows a surprise increase the previous month but official figures show that March’s figures were the second lowest level since the Commerce Department began keeping records in 1959, with construction of [...]

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