The construction of new homes climbed by 13.7 percent in October, the biggest jump in a year as builders broke ground on more apartments and single-family houses.

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U.S. builders broke ground on the most new homes and apartments in nearly four years last month, the latest evidence of a slow housing recovery.

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Sales of new homes fell in March by the largest amount in more than a year, indicating that the U.S. housing market remains under strain despite some modest signs of improvement.

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U.S. builders began laying the ground work for a turnaround in the housing market later this year by requesting the most building permits in any month since October 2008.

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Fewer people bought new homes in December, making 2011 the worst sales year on record.

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By ?DEREK KRAVITZ AP Real Estate Writer WASHINGTON (AP) — Construction of new homes plummeted in April, dragged down by a major drop in apartment building. Builders broke ground on 10.6 percent fewer new homes last month. The seasonally adjusted ...

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By Derek Kravitz AP Business Writer Washington — A new home, the dream of many would-be buyers, makes less and less financial sense in many places. A wave of foreclosures has driven down the cost of previously occupied homes and ...

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By ?MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Builders began work last year on the second fewest number of homes in more than half a century, as the weak economy kept people from buying houses. Builders broke ground on ...

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By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Wholesale prices fell in April, reflecting declines in energy and food, while construction of new homes rose more than expected. But a drop in building permits, a gauge of future activity, ...

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