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Housing starts plunge in Northeast

May 17, 2017
A pullback in the multifamily sector is taking the blame for a drop in housing starts last month. The U.S. Commerce Department reported that housing starts for single-family and multifamily homes dropped 2.6 percent to a seasonally adjusted annual rate of 1.17 million units in April. 

In the Northeast, housing starts plunged 29.2 percent. 

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