June housing starts up 2.3 pct, permits plummet
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The pace of home construction rose 2.3 percent in June but building permit activity, a sign of future construction plans, sank to its lowest rate in 10 years, signaling further weakness in the listless housing market.
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WASHINGTON -- Construction of new homes fell in May as the nation's homebuilders continued to struggle with a steep housing slump that has been exacerbated by rising problems with mortgage defaults.
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The economy grew at a 3.8 percent annual rate in the April-to-June quarter, slightly less robust than a previous estimate of a 4 percent growth rate.
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Demand for larger properties pushed house prices up by 2.1% in July, official government figures show.
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WASHINGTON : US existing home sales tumbled 2.9 percent in July but the pace was still the third-fastest on record, boosted by cheap mortgages, an industry survey showed.
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U.S. new home sales in May fell more  than expected while consumer confidence in June fell to a  10-month low amid anxiousness about jobs and the business  climate, adding to signs of sluggish economic growth this year.
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U.S. housing starts slowed by a  larger-than-expected 6 percent in September after two months of  gains, but permits granted to builders outpaced expectations, a  government report showed on Tuesday.
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The pace of U.S. home building rose in November as new home starts climbed 6.7 percent, rebounding from a sharp decline in October while building permits fell 3 percent, a government report showed on Tuesday.
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Business & money: Signs that four increases since August are starting to bite as housing market cools.
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The U S housing market continued to stumble in June, cooling the economy and contributing to the smallest increase in consumer prices in five months.
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Under the new forecast, gross domestic product will grow by 3.1 percent, as measured from the fourth quarter of last year to the fourth quarter of this year, down from a June projection of 3.6 percent
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New dwelling construction has boomed over the past two years. However, residential investment is likely to slow down, as indicated by Statistics New Zealand&#39;s latest data, confirming an easing of the trend in dwelling consents.
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Existing US home sales fell in June, figures show, as the slowdown in the housing market continues.
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Housing starts rebounded sharply in July, making up almost all the ground lost in a June slump by posting their largest monthly percentage gain since September 2002, a report from the Commerce Department on Tuesday showed.
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Average house prices rose 3.2 percent  in the second quarter from a year ago, representing the slowest  appreciation in a decade, the Office of Federal Housing  Enterprise Oversight said on Thursday.
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The pace of U.S. home construction fell 2.1 percent in May to a slightly lower rate than analysts had expected while building permit activity, a signal of future building plans, increased more than anticipated, a government report showed on Tuesday.
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The Mortgage Bankers Association reported today that mortgage holders starting the foreclosure process in the April-June quarter reached 0.65 percent.