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Upbeat signs for housing market, even as construction slows

from DailyFinance

Housing starts and permits fell in August, but upward revisions to the prior month's data suggested the housing market continued to gradually improve. Groundbreaking declined 14.4 percent to a seasonally adjusted annual 956,000-unit pace, the Commerce Department said recently. July's starts were revised to show a 1.12-million unit rate, the highest level since November 2007, instead of the previously reported 1.09-million unit rate. more


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