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StumbleHousing construction falls for second straight month
Tuesday, Sept. 20, 2005 | 9:30 a.m.
WASHINGTON -- Construction of new homes edged down in August for a second consecutive month, providing evidence that the nation's red-hot housing market may finally be cooling a bit.
The Commerce Department reported that construction of new homes and apartments dropped 1.3 percent last month after a decline of 1.5 percent in July. The decrease was larger than had been expected and it marked the first back-to-back declines in housing starts in 17 months.
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