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Wednesday, September 21, 2011

AUGUST NEW HOME NUMBERS DOWN AGAIN

571,000

That's the annual rate for new homes beginning construction in August, the Commerce Department reported Tuesday. Housing starts came in below the 590,000 figure expected by economists and represent a 5 percent decline from July to a three-month low. While the industry remains in the doldrums, building permits - proxy for future construction - unexpectedly climbed.



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