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U.S. Economy: Home Starts Plunge to Lowest Since 1997 (Update4)

02-18-2007 • By Joe Richter - Bloomberg.com

Feb. 16 (Bloomberg) -- Homebuilders in the U.S. started work last month on the smallest number of new houses since August 1997 as a glut of unsold homes and colder weather discouraged new projects.

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