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US Home Construction Lags Behind Broad Economic Rebound

U.S. stagnation is hovering nearby a lowest turn in a decade, jobless claims have reached a 43-year low and home prices have surged to records. But in this eighth year of mercantile expansion, a series of single-family homes underneath construction stays during recessionary levels.

Housing starts forsaken 18.7% in Nov to a seasonally practiced annual rate of 1.090 million, a Commerce Department pronounced Friday. Permits, an denote of…

Article source: http://www.wsj.com/articles/u-s-home-construction-lags-behind-broad-economic-rebound-1481914669

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