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US housing starts rise on jump in multi-family construction

Updated : September 19, 2018 11:05 PM IST

Housing starts rose 9.2 percent to a seasonally adjusted annual rate of 1.282 million units in August, the Commerce Department said on Wednesday.
The Commerce Department raised its estimate for starts in July to a 1.174 million-unit rate.
US housing starts rise on jump in multi-family construction

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