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Thursday, June 16, 2011

BREAKING NEWS: Housing Starts, Permits Rise in May

Housing starts rose 3.5% in May to a 560,000-unit rate, topping economists' estimates of a 540,000-unit rate. Permits to build new homes jumped 8.7% in May to a 612,000-unit rate, higher than the 558,000-unit rate economists had been expecting.


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