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Monday, Apr 15, 2024

Housing starts plunge in March

Groundbreakings on single-family homes held steady for the third month in a row in March, even as the number of condominium units and apartments under construction fell sharply, according to federal data released Thursday. It was the second straight day of relatively good news on the housing front and helped the Dow Jones industrial average rise 1.19% to 8,125.43 on Thursday. Shares of Southern California home builders KB Home and Ryland were both up at the close of trading. For the full story click here

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