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Factory output, housing starts tumble in March

Construction of single-family homes in Midwest sees biggest decline in three years; building permits increase
Wednesday, April 19, 2017 - 05:50

Housing starts decreased 6.8 per cent last month to a seasonally adjusted annual rate of 1.22 million units, the Commerce Department said on Tuesday.


US homebuilding fell more than expected in March as the construction of single-family homes in the Midwest recorded its biggest decline in three years, but an increase in building permits suggested the housing market recovery remained intact.

Housing starts decreased 6.8

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