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Sluggish housing starts may signal fewer home sales
Sluggish housing starts may signal fewer home sales

Home builders are taking it slow this spring, according to new figures on housing construction. Permits for new construction fell 5.7% in March compared to last month, the Commerce Department reported. Housing starts -- when construction actually begins -- climbed 2% off last month's sharp decline, but came in well below analyst expectations. The often-volatile numbers were dragged down by a decline in multifamily construction, a sign that the apartment building boom of the last couple of years may be cooling off. Starts for buildings with five or more units fell 7.1% from February, while permits, a sign of construction to come, were down 16%. But single-family builders, the...

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