Housing starts rose 10.5% in August to a seasonally adjusted annual rate of 598,000, providing hope that the sector is stabilizing. However, economists caution that monthly data have a large margin of error.
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U.S. Housing Starts Surge 10.5% in August, Providing Hope Sector Is Stabilizing originally appeared on DailyFinance on Tue, 21 Sep 2010 10:20:00.
Filed Under: Economy, Real Estate