US housing starts slip, but permits near 6-1/2-year high

U.S. housing starts unexpectedly fell in October, but a jump in permits to near a 6-1/2-year high suggested the housing market was steadily regaining strength. Groundbreaking slipped 2.8 percent to a seasonally adjusted annual1.009 million-unit pace, the Commerce Department said on Wednesday. September’s starts were revised up to a 1.038 million-unit rate. Economists polled by…

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