US housing starts lift slightly in March

April 16, 2015 3:04 PM

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US home building advanced slightly last month, the latest sign the market is struggling to break out despite low rates on mortgages and steady job creation.

US housing starts rose 2 per cent from a month earlier to a seasonally adjusted annual rate of 926,000 in March, the Commerce Department said Thursday. So far this year starts are averaging 969,000 a month, compared with just over 1 million last year.

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