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February 19, 2021

Home starts fall 6%; set to rebound

WASHINGTON (AP) — U.S. home construction fell 6% in January but applications for building permits, which typically signal activity ahead, rose sharply.

The decline pushed home and apartment construction down to a seasonally adjusted rate of 1.58 million units last month, compared with 1.68 million in December, the Commerce Department reported Thursday.


 
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