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US housing starts hit 1-year low

Homebuilding and sales are well below their peaks before the housing bubble burst in 2006, raising concerns that the property market recovery is stalling


US homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the south, suggesting housing probably remained a drag on economic growth in the third quarter.

The report on Wednesday from the...

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