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America's ugliest houses and Home construction rises in January
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But don't get attached: It's no longer on the market.There can be a lot to love about a homely house -- particularly the steep, steep discounts. Few home seekers want to put time, money and effort into fixer-uppers, so these homes must be offered very cheap. [Read the full article]
Housing starts, the number of new homes being built, rose 14.6% to an annual rate of 596,000 in January, up from 520,000 in December, the Commerce Department said.While that was better than the 540,000 housing starts economists had expected for the month, it was "all due to apartment building," said David Crowe, chief economist with the National Association of Home Builders.Construction of buildings with five units or more, which tends to be volatile month-to-month -- gave the overall number a big boost when that category alone surged 80% in January.Meanwhile, construction of single-family homes -- which is viewed as a more stable indicator of new homebuilding activity -- was flat. Given fierce winter storms across much of the country, it's an encouraging sign that category did not actually decline, Crowe said. [Read the full article]
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