US homebuilding drops in May, but pace stronger than in 2014

U.S. builders broke ground on fewer homes in May, but the pace of construction remains significantly higher than a year ago as the real estate sector increasingly reflects the stronger job market. The Commerce Department said Tuesday that housing starts last month fell 11.1 percent to a seasonally adjusted annual rate of 1.04 million homes. Economists ...

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US homebuilding drops in May, but pace stronger than in 2014

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