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June 18, 2002: Housing Starts Take Big Jump In May

June 18, 2002
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WASHINGTON, DC — New home construction jumped almost 12% in May, the biggest percentage increase in housing starts in nearly seven years, according to a U.S. Department of Commerce report.

The increase was the biggest since July 1995. The seasonally adjusted annual rate of 1.73 million units includes 1.39 million single-family housing starts, a boost of about 10%. Building permits rose 2.6%.

Publication date: 06/17/2002

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