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Market Impact: 0.28
U.S. Housing Starts Unexpectedly Tumble 2.6% In August
Source: Nasdaq
Housing & Real EstateEconomic Data
U.S. new residential construction unexpectedly declined further in August, according to the Commerce Department. The weaker housing-starts signal points to continued softness in residential real estate activity and may modestly weigh on homebuilders and housing-linked sectors.
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