US housing starts hover near 50-year lows

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US housing starts hover near 50-year lows

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01-19-2011, 10:19 PM

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US housing starts hover near 50-year lows

The Commerce Department has revealed a decline in US housing starts for the month of December – partly attributed to the severe wintry weather which gripped parts of the country during the month. According to the Commerce Department, construction of new US homes fell 4.3% on a monthly basis to a seasonally adjusted annual rate [...]

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