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Housing Starts Down 7.8 Percent in March

Tuesday, April 16, 2002 - 7:00AM

Housing starts fell 7.8 percent in March to a seasonally adjusted rated of 1,646,000 units, according to figures released today by the U.S. Department of Commerce. Single-family building, which fell 11 percent from February, accounts for the steep decline; multifamily starts last month rose to a seasonally adjusted rate of 292,000 units.

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