The housing market overcame a listless economy this summer, and several data points on Wednesday show it is finally beginning a long climb out of a deep hole.
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Single-family housing starts hit their highest level in 28 months during August, on a seasonally adjusted annual basis, the Commerce Department said Wednesday. Single-family starts were up by 5.5% from July and 26.8% from one year. Starts have been up from one year ago in 11 straight months—and by double digits in each of the last nine months. Read More...
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