U.S. homebuilding retreats, manufacturing still struggling

FILE PHOTO: FILE PHOTO: Development and construction continues on a large scale housing project of over 600 homes in Oceanside, California, U.S., June 25, 2018. REUTERS/Mike Blake/File Photo

WASHINGTON (Reuters) – U.S. homebuilding tumbled from more than a 12-year high in September, but single-family home construction rose for a fourth straight month, suggesting the housing market remains supported by lower mortgage rates even as the economy is slowing. The moderation in economic growth was underscored by other data on Thursday showing manufacturing output […]

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