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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

Washington

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...

sentifi.com

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