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Sunday, August 18, 2019

US home construction tumbled in July

US home construction tumbled in July: WASHINGTON (AP) — U.S. housing starts fell 4.0% in July, driven by a decline in the construction of apartment buildings. The Commerce Department said Friday that housing starts slipped last month to a seasonally adjusted annual rate of 1.19 million units. So far this year, housing starts have declined 3.1%. While there was a slight 1.3% uptick in the construction of single-family homes last month, the gain was offset by a 17.2% drop in the...