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As sales fell, the housing index also experienced a dip of more than 1 percent
Economists still divided on how upbeat the housing market should be about last month’s housing start numbers
The Obama administration is considering further actions to strengthen the housing market, but the bar is high.
Fed officials say they intend to raise rates gradually, if economic growth continues.
As demand for multifamily construction is leveling off, more million-dollar homes are being built.
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