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Housing data over the past several weeks has been very strong, indicating a recovery in the sector that’s long overdue. However, recent housing starts data is relatively weak when compared with last month’s numbers. Overall housing starts for November fell 3.0% to 861k from an downwardly revised 888k in October. October was revised down by 6k from 894k; total housing starts are up 25.7% year-over-year.

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