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Housing starts in surprise October drop

But jump in permits to near 6-1/2-year high is an indication housing market is regaining strength


US housing starts unexpectedly fell in October, but a jump in permits to near a 61/2-year high suggested the housing market was steadily regaining strength.

Groundbreaking slipped 2.8 per cent to a seasonally adjusted annual 1.009 million-unit pace, the Commerce...

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