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Housing Starts Fall 5.4 Percent in April

Thursday, May 16, 2002 - 7:00AM

Housing starts fell 5.4 percent in April to a seasonally adjusted annual rate of 1.56 million units from a revised March estimate of 1.64 million units according to figures released today by the U.S. Department of Commerce. Much of the loss can be attributed to declines in multifamily housing starts, which fell to a seasonally adjusted rate of 261,000 units from 295,000 in March.

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