In June, construction of new homes in the US rose at the fastest rate since October 2008. Housing starts jumped 6.9 percent to 760,000 annual rate last month, which is much higher than the upwardly revised figure of 711,000 in May, according to the Commerce Department. It gives a brighter outlook to the real-estate market. However, the permits for new construction declined 3.7 percent to 755,000 from 784,000 in May, which shows that builders are more cautious over...
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