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Housing Starts Reach Highest Rate Since 1984

Home builders increased the pace of housing starts to a seasonally adjusted annual rate of 2.070 million units in November, the Commerce Department announced last week. This is 4.5 percent above October's upwardly revised estimate of 1.980 million units, 17.6 percent above the November 2002 rate, and the strongest rate of housing production since February ...

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