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U.S. Housing Starts Fall to 1.221 Million in September

Commerce Department data showed housing starts fell to a 1.221 million annual rate in September.

WASHINGTON (dpa-AFX) - A report released by the Commerce Department on Monday unexpectedly showed an extended nosedive in new residential construction in the U.S. in the month of September.The Commerce Department said housing starts plunged by 5.2 percent to an annual rate of 1.221 million in Septe…