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LATEST US DATA

May housing starts dip after hefty April gains; building permits soar

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The steadily firming housing market, marked by rising home prices and sales, is likely to be acknowledged by Fed officials, who were preparing to gather for a two-day policy meeting on Tuesday.

Washington

US HOUSING starts fell in May after a hefty increase the prior month, but a surge in permits for future construction to a near eight-year high pointed to underlying strength in housing.

The steadily firming housing market, marked by rising home prices and sales, is