U.S. Housing Starts Pull Back Much Less Than Expected In April

India, May 21 -- New residential construction in the U.S. pulled back by much less than expected in the month of April, according to a report released by the Commerce Department on Thursday.The Commerce Department said housing starts slumped by 2.8 percent to an annual rate of 1.465 million in April after soaring by 12 percent to an upwardly revised rate of 1.507 million in March.Economists had expected housing st...

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