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US single-family housing starts near 2-1/2-year lows as inventory bloat weighs

US single-family housing starts near 2-1/2-year lows as inventory bloat weighs

U.S. single-family homebuilding plunged to a near 2-1/2-year low in August amid a glut of unsold new houses, suggesting the housing market could remain an economic headwind this quarter.

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