Unusually wet weather conditions across much of the country slowed the pace of home building in September, but strong permit issuance and rising backlogs of unused permits indicate that builders are poised to pick up the pace in coming months, according to U.S. Commerce Department figures.
The government reported that housing starts declined 6 percent from the best pace of the year to a still-solid rate of 1.9 million units on a seasonally adjusted annual basis in September. Meanwhile
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