Pursuits
Housing Starts in U.S. Fall in Sign of Slow, Steady Recovery
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New-home construction in the U.S. fell in August, indicating the real-estate recovery will take time to evolve.
Residential starts declined 3 percent to a 1.13 million annualized rate from a 1.16 million pace the prior month that was slower than previously estimated, a Commerce Department report showed Thursday in Washington. The median forecast of 81 economists surveyed by Bloomberg was 1.16 million.