New US house construction falls to record low

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New US house construction falls to record low

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05-20-2009, 03:41 AM

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New US house construction falls to record low

The US Commerce Department has today revealed that new US housebuilding fell to a record low in April, sending shares down following yesterday‘s rebound.According to official figures, new housing starts fell 12.8% to an annual rate of 458,000 units - the lowest level since records began fifty years ago.On an annual basis, housing starts are [...]

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