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US: Anemic housing recovery shows up in April data

Posted on 18 May 2011

Housing starts fell more than expected in April as work began on fewer houses than the month before, showing that the real estate market continues to experience an anemic recovery.
The Commerce Department said Tuesday that work began on 523,000 in April, down 11% from March at an annually adjusted pace. Analysts were expecting a much higher reading around 570,000……………………………………….Full Article: Source


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