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US housing starts tumbled 12.3 percent in June

U.S. homebuilders sharply curtailed the pace of construction in June as housing starts plummeted 12.3 percent. The Commerce Department said July 18 that housing starts fell to a seasonally adjusted annual rate of 1.17 million from 1.34 million in May. June's pace of construction was the lowest since September 2017. Housing starts plunged 35.8 percent in the ...

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