Housing Starts Drop More Than Forecast in Uneven U.S. Recovery

Housing starts slumped in August after reaching the highest level in almost seven years, pointing to an uneven pickup in the U.S. residential real-estate market that will limit its contribution to economic growth. Beginning home construction fell 14.4 percent, the most since April 2013, to a 956,…

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Housing Starts Drop More Than Forecast in Uneven U.S. Recovery