US home building climbs 12.3 percent in August to 12-year high

The pace of U.S. home construction jumped 12.3 percent last month to a 12-year high on a surge in apartment building. The Commerce Department said housing starts came in at a seasonally adjusted annual rate of 1.36 million, the most since June 2007 and up from a revised 1.22 million, as builders overcame a shortage of ...

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US home building climbs 12.3 percent in August to 12-year high

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