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April 19, 2017
WASHINGTON — U.S. builders broke ground on fewer homes in March, but the pace of construction so far this year remains stronger than in 2016.
Housing starts fell 6.8 percent last month to a seasonally adjusted annual rate of 1.22 million, the Commerce Department said Tuesday. The setback came after strong gains in a warmer-than-usual February. Groundbreakings on new homes are still 8.1 percent higher through the first three months of this year compared with 2016.
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