Housing starts fall again in January

February 17, 2016 6:35 PM

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For the second month in a row, the number of new homes under construction in the United States fell unexpectedly.

New U.S. home construction starts dropped 3.8% last month to a seasonally adjusted annual rate of roughly 1.09 million homes from last month's revised rate of 1.14 million, according to data released Wednesday by the U.S. Department of Commerce.

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