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Housing Starts Down 10.6% in April

Privately-owned housing starts in April were at a seasonally adjusted annual rate of 523,000, 10.6 percent below the revised March estimate of 585 000 and 23 9 percent below the revised April 2010 rate of 687,000.Single-family housing starts in April were at a rate of 394,000, is 5.1 percent below the revised March figure of 415,000. The April rate for units in buildings with five units or more was 114,000.

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