US housing starts surge, building permits fall

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US housing starts surge, building permits fall

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05-18-2010, 09:42 PM

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US housing starts surge, building permits fall

The Commerce Department has today revealed US housing starts soared in April, boosted by the expiration of a Government tax credit, which ended last month.According to the Commerce Department, construction of new US homes rose 5.8% in the month to a seasonally adjusted annual rate of 672,000 properties – the highest since October 2008.Furthermore, the [...]

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