U.S. housing market improving

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Tuesday, August 19, 2014

Reuters: Groundbreaking for new housing jumped 15.7% last month to a seasonally adjusted 1.09-million unit annual pace, the highest level since November.

It was the latest sign the market was regaining its footing after being slammed by a run-up in interest rates last year. A shortage of properties for sale has also lifted prices, pushing housing out of the reach of many first-time buyers.

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