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twitterHousing slows, inflation tame
Wednesday, Nov. 20, 2002 | 9:32 a.m.
WASHINGTON -- Housing construction lost momentum in October, plunging by 11.4 percent, the biggest drop since 1994, the Commerce Department reported today.
The number of housing starts -- 1.6 million at an annual rate -- is still considered healthy. The report followed news Tuesday that consumer prices rose a modest 0.3 percent in October due to lower prices for airfares, computers and other purchases.
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