US housing starts posts modest rebound in September

Washington (AFP) – US housing starts rebounded slightly in September as construction firms struggle to satisfy booming demand from home buyers, the government reported Tuesday.The housing market has been one of the few bright spots in the US economy as it struggles with the world’s worst coronavirus pandemic, helped by record low borrowing rates, and Commerce Department data showed home construction started last month rose 1.9 percent after the sharp drop in August.But the modest gain came after double-digit increases in May, June and July, putting new projects started at an annual rate of jus…

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