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July 19, 2018

June housing starts tumble 12.3 percent

WASHINGTON (AP) — U.S. homebuilders sharply curtailed the pace of construction in June as housing starts plummeted 12.3 percent.

The Commerce Department said Wednesday that housing starts fell to a seasonally adjusted annual rate of 1.17 million from 1.34 million in May. June's pace of construction was the lowest since September 2017.


 
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