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US housing construction down 16 percent in January

from The Associated Press via ABC News

U.S. home construction fell in January for a second month, but the weakness in both months reflected severe winter weather in many parts of the country. The expectation is that housing will deliver another year of solid gains, helped by an improving economy. Builders started work at a seasonally adjusted annual rate of 880,000, down 16 percent from December, the Commerce Department reported. more


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