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US Housing Construction Surges

U.S. housing construction surged in October to its highest level in more than four years.

 The American housing market has perhaps been the weakest link in the country's sluggish, but steady recovery from its worst economic downturn since the Great Depression in the 1930s. Millions of homeowners lost their homes to bank foreclosures, often after they lost their jobs and were unable to make monthly payments on their housing loans.

 But the U.S. government said Tuesday that housing starts ...

Source: US Housing Construction Surges