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WASHINGTON (Reuters) - U.S. homebuilding tumbled in April and permits fell, suggesting the housing market continued to tread water amid shortages of land and skilled labor. FILE PHOTO: A new home under construction is seen in Los Angeles, California, U.S. February 2, 2018. REUTERS/Lucy Nicholson. Housing starts dropped 3.7 percent to a seasonally adjusted annual rate of 1.287 million units in April, the Commerce Department said on Wednesday. The decline reversed March’s rise. Data for March was revised to show starts rising to a 1.336 million-unit rate instead of the previously reported 1.319 million-unit pace. Building permits fell 1.8 percent to a rate of 1.352 million units last month. ... Tout l'article

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