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US housing construction tumbles in April

Posted on 18 May 2011

David ReslerHome construction in the United States plunged in April, official data showed Tuesday, underscoring the depth of the years-old housing crisis. Housing starts tumbled 10.6 percent from March to a seasonally adjusted annual rate of 523,000, the Commerce Department reported.
The number widely missed the average analyst estimate of 563,000……………………………………….Full Article: Source


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