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US home construction drops 1.6 per cent in November

US home construction falls 1.6 per cent in November as single-family construction declines
Martin Crutsinger, The Associated Press

WASHINGTON - Construction of new homes fell slightly in November, reflecting weakness in construction of single-family homes.

Builders started construction at a seasonally adjusted annual rate of 1.03 million homes and apartments last month, the Commerce Department reported Tuesday. That was a decline of 1.6 per cent from October when construction activity had posted a 1.7 per cent gain.

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