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August housing construction up 9.2 pct., but permits slide (access required)

U.S. home construction rebounded in August at the fastest pace in seven months but applications for new building permits plunged, sending mixed signals for an industry that has been struggling with rising lumber costs. Housing starts increased 9.2 percent in August to a seasonally adjusted annual rate of 1.28 million units, the Commerce Department reported Wednesday. ...

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