Global Economic News

U.S. Housing Starts Unexpectedly Drop 1.6% In September

A report released by the Commerce Department on Tuesday showed an unexpected decrease in new U.S. residential construction in the month of September.

The Commerce Department said housing starts fell by 1.6 percent to an annual rate of 1.555 million in September from a revised rate of 1.580 million in August.

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by RTTNews Staff Writer

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