After reporting a sharp increase in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Thursday showing a notable pullback by housing starts in the month of December.
The Commerce Department said housing starts slumped by 4.3 percent to an annual rate of 1.460 million in December after spiking by 10.8 percent to a revised rate of 1.525 million in November.
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