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Housing starts hit four-year high in October

Builders work at the roof of a new housing construction site in Alexandria, Virginia in this October 17, 2012, file photo. U.S. housing starts rose to their highest rate in more than four years in October, suggesting the housing market recovery was gaining steam, even though permits for future construction fell. REUTERS/Kevin Lamarque/Files

Builders work at the roof of a new housing construction site in Alexandria, Virginia in this October 17, 2012, file photo. U.S. housing starts rose to their highest rate in more than four years in October, suggesting the housing market recovery was...more

Builders work at the roof of a new housing construction site in Alexandria, Virginia in this October 17, 2012, file photo. U.S. housing starts rose to their highest rate in more than four years in October, suggesting the housing market recovery was gaining steam, even though permits for future construction fell. REUTERS/Kevin Lamarque/Files
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Workers do work on the roof of a new housing construction site in Alexandria, Virginia in this October 17, 2012, file photo. U.S. housing starts rose to their highest rate in more than four years in October, suggesting the housing market recovery was gaining steam, even though permits for future construction fell. REUTERS/Kevin Lamarque/Files

Workers do work on the roof of a new housing construction site in Alexandria, Virginia in this October 17, 2012, file photo. U.S. housing starts rose to their highest rate in more than four years in October, suggesting the housing market recovery was...more

Workers do work on the roof of a new housing construction site in Alexandria, Virginia in this October 17, 2012, file photo. U.S. housing starts rose to their highest rate in more than four years in October, suggesting the housing market recovery was gaining steam, even though permits for future construction fell. REUTERS/Kevin Lamarque/Files
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A "for sale" sign is seen at a boat yard just off the Milwaukee Harbor in Milwaukee November 2, 2012. REUTERS/Darren Hauck

A "for sale" sign is seen at a boat yard just off the Milwaukee Harbor in Milwaukee November 2, 2012. REUTERS/Darren Hauck

A "for sale" sign is seen at a boat yard just off the Milwaukee Harbor in Milwaukee November 2, 2012. REUTERS/Darren Hauck
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