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Optimism Builds in Housing Sector
The housing industry continues to dig its way out. U.S. home building permits- a sign of building to come- touched their highest level in nearly 4-1/2 years. It was well above expectations. Also encouraging: builders' confidence in the market for new single-family homes reached its highest level this month- since April of 2006. The news overshadowed data showing housing starts fell more than expected after three months of solid gains.
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