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US housing starts fall as multi-family units decline

Builders say they cannot find skilled labour, especially framers, and that buildable lots remain in short supply

Multi-family homebuilding is slowing as apartment buildings flood the market, leading to a rise in the rental vacancy rate this year.


US homebuilding unexpectedly fell in July as the construction of multi-family houses tumbled to a 10-month low, but strong job growth is expected to continue to support the housing market recovery.

Housing starts declined 4.8 per cent to a...

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