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Home building slows in November
Home building slows in November

The home-building business is closing the year on a down note. Housing starts and building permits both fell in November, the Commerce Department reported Tuesday. Analysts had expected modest gains. The number of building permits issued dipped 5.2% from its six-year high recorded in October, while housing starts — which counts the actual beginning of construction — declined 1.6%. Both measures also fell below levels seen in November 2013. The fall in housing starts was sharper for single-family homes, reflecting continued softness in the new-home industry as buyers struggle with higher prices and builders cater largely to the higher end of the market. Through November...

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