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Secretary Locke Statement on New Residential Construction in December 2009

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The Commerce Department’s U.S. Bureau of the Census released data on new residential construction in November 2009. Permits rose 6.0 percent in November and starts increased 8.9 percent, in both cases exceeding market expectations. Permits have risen 17.3 percent above their low in April, and starts have advanced 19.8 percent above their April low point. These gains reflected increases in single-family activity, while multi-family starts have increased modestly. (More) (Release)

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