US home construction up 6.8 pct. in May; permits for more single-family homes hit 5-year high

  • by: MARTIN CRUTSINGER , AP Economics Writer
  • Updated: June 18, 2013 - 9:25 AM

WASHINGTON — U.S. builders stepped up home construction in May and applied for permits to build single-family homes at the fastest pace in five years. The gains show housing remains a key source of growth for the economy.

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