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17 Sep
19:12

US new residential construction starts down in August

US new residential construction decreased from July to August, according to data gathered by the US Census Bureau and the US Department of Housing and Urban Development, Kallanish reports. According to the newly released residential construction statistics, privately-owned housing units authorised by building permits in August were reported at a seasonally adjusted annual rate of 1.47 million units. This is -0.9% below July's revised rate of 1.483m units and -…
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