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Tag: U.S. homebuilding

Economy and Finance

ECONOMY U.S. housing starts fall more than expected in August as multi-family home construction slumps

U.S. homebuilding fell in August after solid increases in the earlier three months, yet the lodging market stays upheld by record-low loan costs and interest for properties in suburbia and low-thickness territories the same number of individuals telecommute. Lodging begins dropped 5.1% to an occasionally balanced yearly pace of 1.416 million units a month ago, the Trade Division said on Thursday. Information for July was amended somewhat lower to a 1.492 million-unit pace from the recently revealed 1.496 million. Financial analysts surveyed by Reuters had gauge begins slipping to a pace of 1.478 million units. A study on Wednesday indicated certainty among single-family homebuilders expanded to a record high in September. Manufacturers, in any case, stayed worried about increasing expe...