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June Housing Starts Continue Strong Pace

The pace of new home construction remained strong in June, closing out the quarter at a seasonally adjusted annual rate above 2 million units for the second quarter in a row, according to U.S. Commerce Department figures. For the month, the pace of housing starts remained unchanged at a seasonally adjusted annual rate of 2.004 million units. This was 9.7 percent above the pace of a year ago.

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