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May 19, 2017

Housing starts fall 2.6 percent

WASHINGTON (AP) — Construction of new homes fell for a second straight month in April, pushing activity to the lowest point in five months.

Housing starts fell 2.6 percent in April to a seasonally adjusted annual rate of 1.17 million units, the Commerce Department reported Tuesday. That followed a 6.6 percent decline in March and left home building at its lowest point since last November. The weakness was led by a big drop in construction of apartments, a volatile sector.


 
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