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U.S. Housing Starts Rebounded in July on Single-Family Gain

Building At A Toll Brothers Development As Housing Starts Rise Overall in 2015

Photographer: David Paul Morris/Bloomberg

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U.S. new-home construction rose less than forecast in July amid a rebound in groundbreaking for single- and multi-family houses, indicating the industry was trying to regain its footing at the start of the second half.

A strong labor market, lower taxes and improved finances are providing support to demand for housing, which indicates that homebuilding will keep expanding, albeit at a slower pace.