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US Housing Construction Climbs, Inflation Ticks Up, Consumers Worry

U.S. apartment construction is surging, inflation is edging upward, but consumers are a growing a little less confident, according to a series of economic reports published on Friday. Analysts say June's 9.8 percent surge in housing starts, particularly apartments, is due to falling unemployment and strong job gains. The number of permits to begin future construction also rose, perhaps evidence the trend will continue for a while. Data show that if builders broke ground at...

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