August's rise in U.S. housing starts disappoints

09/18/2013 | Bloomberg · Reuters

U.S. housing starts rose just 0.9% last month, suggesting that higher interest rates are beginning to take a bite out of the vital market that underpins much of the U.S. economy. Although the number fell short of expectations, analysts remained moderately optimistic. "Higher rates are a restraint on the housing recovery but won't derail it," said David Sloan, senior economist at 4Cast.

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Bloomberg · Reuters

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