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May 18, 2016

Builders ramp up home construction in April

  • Housing starts were down 10 percent in the West, however.
  • By JOSH BOAK
    Associated Press

    WASHINGTON — Builders ramped up construction of new homes in April, suggesting that the market remains solid despite sluggish economic growth at the beginning of the year.

    Housing starts climbed 6.6 percent to a seasonally adjusted annual rate of 1.17 million units, the Commerce Department said Tuesday. The increase makes up for much of March’s 9.4 percent drop in starts, a decline that partially reflected the volatile swings in residential construction on a monthly basis.


     
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