US housing starts see unexpected fall in October

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US housing starts see unexpected fall in October

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11-19-2009, 10:27 AM

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US housing starts see unexpected fall in October

According to the Commerce Department, construction of new US homes plunged 10.6% in October to an annual rate of 529,000 properties - the lowest level since April.Analysts had expected the rate to exceed the 600,000 mark.The decline in construction was led by a fall in demand for both single-family and multi-family occupancies. Meanwhile, applications for [...]

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