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Permits to build privately owned homes leapt to a seasonally adjusted annual rate of 518,000 in May
By Paul J. Richards
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A worker looks over the roof of a house under constrcution in Fairfax, Virginia. US housing construction rebounded more vigorously than expected in May from all-time lows, official data showed, stoking hopes the real-estate crisis at the heart of the recession may be easing.
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