Housing Starts Down 8,000 in July

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Housing starts of new privately owned housing dropped 8,000 to 746,000 in July. Compared to 2011, new home construction is up 132,000, or 21.5% and they are up 39.2% over July 2010.  Although this month’s downtown is unfortunate, new home construction has risen substantially over the past two years. See our housing report for more information.

–From The St. Louis Federal Reserve

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