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US Housing Market Stronger

U. S. home construction rebounded in July, while the latest data show inflation was relatively tame. Tuesday's report from the Commerce Department says construction jumped 15.7 percent in July, the strongest showing in eight months. The gains followed a couple of months of declines. Investors and economists watch the housing market closely because severe problems in this area were a key cause of the recession. A separate report from the Labor Department says prices rose...

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