U.S. housing starts dip, permits maintain gains

June 17, 2016 12:45 PM

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U.S. housing starts dip, permits maintain gains

Groundbreaking fell 0.3 percent to a seasonally adjusted annual pace of 1.16 million units, the Commerce Department said on Friday. Starts in April were little changed at a 1.17 million-unit pace.

Economists polled by Reuters had forecast housing starts falling to a 1.15 million-unit pace last month.

Also read: US wholesale prices up 0.4 percent in November

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