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US housing starts rise in August

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09-18-2009, 04:08 PM

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US housing starts rise in August

The US economy has received a further boost after the Commerce Department revealed a rise in housing starts for the month of August. According to the Commerce Department, construction of new US homes rose 1.5% in August to an annual rate of 598,000 properties. The rise was the fastest since November 2008, giving hope that the world’s [...]

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