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Economic growth in the past couple of months has slowed significantly, but despite that, U.S. home resales bounced back from a 19-month low.
Data show that housing starts are at a seasonally adjusted annual pace of 728,000 units.
The policy panel saw underutilization of labor resources gradually diminishing
Low inventory could temper expectations for an acceleration in housing activity
Instead of the previously reported 504,000 units, May's sales pace was revised to 442,000 units.
As a result of the housing market crash, 200,000 construction jobs remain unfilled in the U.S.
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