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LATEST US DATA
Housing starts, building permits fall in August
But a rebound in permits for single-family dwellings suggests demand for housing remains intact
Permits for single-family homes, the largest segment of the market, surged 3.7 per cent to a 737,000-unit pace.
PHOTO: BLOOMBERG
Washington
US housing starts fell more than expected in August as building activity declined broadly after two straight months of solid increases, but a rebound in permits for single-family dwellings suggested demand for housing remained intact.
Ground-breaking decreased 5.8 per...
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