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July housing starts up a slight 0.9 percent

U.S. housing starts ticked up just 0.9 percent in July, a sign that higher construction costs might be weighing on homebuilders. The Commerce Department said August 22 that housing starts last month rose to a seasonally adjusted annual rate of 1.17 million, not nearly enough to reverse the steep 12.9 percent plunge seen in June as ...

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