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US housing market sees rise, say economists

Posted on 18 June 2012

The US housing market in May probably managed to sustain recent gains, driven by low prices and borrowing costs, economists said before reports this week.
Home starts climbed 0.4 per cent last month to a 720,000 annual pace, matching January as the fastest since October 2008, according to the median estimate of 64 economists surveyed by Bloomberg News before a Commerce Department report June 19. Sales of previously owned houses held near the highest level in almost two years, another report may show………………………………………..Full Article: Source


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