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LATEST US DATA
Factory output, housing starts tumble in March
Construction of single-family homes in Midwest sees biggest decline in three years; building permits increase
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.
PHOTO: AFP
Washington
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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