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US home construction jumps 15.7 percent in July

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WASHINGTON (AP) — U.S. home construction rebounded in July, rising to an eight-month high and offering hope that housing has regained momentum after two months of declines. Construction increased 15.7 percent in July to a seasonally adjusted annual rate of 1.09 million homes, the Commerce Department reported Tuesday. That was the fastest pace since November and followed declines of 4 percent in...

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