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February 24, 2015

Home construction slips 2% in January

  • Builders are projected to break ground on 1.2 million new homes and apartments this year, with activity strengthening even further in 2016 and 2017, according to a forecasting firm.
  • By JOSH BOAK
    AP Economics Writer

    WASHINGTON — U.S. homebuilders slowed the pace of construction in January, breaking ground on fewer single-family houses ahead of the spring buying season.

    Housing starts slipped 2 percent to a seasonally adjusted annual rate of 1.07 million last month, down from 1.09 million in December, the Commerce Department said Wednesday.


     
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