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BUSINESS
May 19, 1999 | From Bloomberg News
Construction of new homes and apartments fell for the third consecutive month in April, the government reported Tuesday, a sign that last year's record pace of home sales isn't likely to be matched. Starts fell 10.1% last month to a seasonally adjusted annual rate of 1.574 million, the biggest monthly decline in five years, Commerce Department figures showed. The decline followed drops of 0.1% in March and 3.7% in February. Even so, builders say 1999 will still be one of their best ever.
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BUSINESS
May 19, 1999 | From Bloomberg News
Construction of new homes and apartments fell for the third consecutive month in April, the government reported Tuesday, a sign that last year's record pace of home sales isn't likely to be matched. Starts fell 10.1% last month to a seasonally adjusted annual rate of 1.574 million, the biggest monthly decline in five years, Commerce Department figures showed. The decline followed drops of 0.1% in March and 3.7% in February. Even so, builders say 1999 will still be one of their best ever.
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BUSINESS
June 30, 1998 | From Associated Press
Sales of new homes rose to a record level in May, propelled by strong demand in the West, government figures showed Monday, and with mortgage rates under 7%, analysts expect strong sales throughout the summer. "I foresee a very solid third quarter," said economist Paul Taylor of America's Community Bankers, a trade organization for savings institutions. Sales last month edged up 0.
BUSINESS
June 30, 1998 | From Associated Press
Sales of new homes rose to a record level in May, propelled by strong demand in the West, government figures showed Monday, and with mortgage rates under 7%, analysts expect strong sales throughout the summer. "I foresee a very solid third quarter," said economist Paul Taylor of America's Community Bankers, a trade organization for savings institutions. Sales last month edged up 0.
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