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Drop in December US housing starts smaller than expected

2013 tally is best since 2007 and is 18.3% higher from previous year

[WASHINGTON] The pace of US home construction dropped less than forecast in December, capping the best year for the industry since 2007.

Housing starts fell 9.8 per cent to a 999,000 annualised rate following November's revised 1.11 million pace, which was the highest since November 2007...

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