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Housing Starts up 11.6 Percent, According to Commerce Department

Tuesday, June 18, 2002 - 7:00AM

Housing starts surged 11.6 percent in May to a seasonally adjusted annual rate of 1.73 million units,  according to figures released today by the U.S. Department of Commerce. Both single-family and multifamily components of the market posted large increases and every region in the country recorded solid gains in housing production.

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