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US housing starts plunge to near-record low

Posted on 18 November 2010

From AP: US housing starts plunged to a near-record low in October while building permits were flat amid a depressed real-estate market, official data showed Wednesday. Construction on new homes dropped nearly 12 percent from September, to an annual rate of 519,000 units, the Commerce Department reported.
The pace of construction was the weakest since April 2009, when a record low of 477,000 was reported in the data series that began in 1959……………………………………….Full Article: Source


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