Housing Starts in U.S. Increase to Five-Month High

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Oct. 19 (Bloomberg) -- Builders in the U.S. unexpectedly began work on more homes in September, a sign the real estate market is stabilizing at depressed levels. Housing starts rose to a 610,000 annual rate, the most since April and up 0.3 percent from a revised 608,000 rate in August that was higher than previously estimated, Commerce Department figures showed today in Washington. Bloomberg's Betty Liu and Michael McKee report. (Source: Bloomberg)

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