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US home construction plunges 17 percent in February (access required)

WASHINGTON —€” Construction of new homes plummeted in February, as fierce winter weather froze housing starts in the Northeast and Midwest. The Commerce Department said Tuesday that builders began construction at a seasonally adjusted annual rate of 897,000 homes in February, a steep 17 percent plunge from January. Housing starts slid 56.5 percent in the Northeast ...

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