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January 20, 2022

Builders mark 3 straight months of growth

By MATT OTT
AP Business Writer

SILVER SPRING, Md. — Construction of new homes in the U.S. rose for the third consecutive month in December and data released Wednesday suggests that the frantic pace of building will continue this year.

The December increase puts home construction at a seasonally adjusted annual rate of 1.7 million units, the Commerce Department reported Wednesday. In all of 2021, nearly 1.6 million housing units were started — a 15.6% increase over 2020.


 
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