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April Housing Starts Tumble

April home-building was in the red, with housing starts tumbling 3.7 percent to 1.34 million—but, single-family starts were up, 0.1 percent to 894,000, according to the Commerce Department. Multifamily starts (five units or more) came in at 374,000.

Additionally, approvals for builds fell, 1.8 percent from March to 1.35 million...

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