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New home construction up in June

With one home complete and another nearing completion a home builder advertises eleven luxury homes for sale in Annandale, Virginia, on September 5, 2010. Tight lending rules and a sluggish economy have kept home sales in decline in much of the country in July and August. UPI/Roger L. Wollenberg
With one home complete and another nearing completion a home builder advertises eleven luxury homes for sale in Annandale, Virginia, on September 5, 2010. Tight lending rules and a sluggish economy have kept home sales in decline in much of the country in July and August. UPI/Roger L. Wollenberg | License Photo

WASHINGTON, July 19 (UPI) -- New home construction in the United States jumped nearly 15 percent in June, the highest level in five months, the Commerce Department said Tuesday.

Housing starts rose 14.6 percent in June to a seasonally adjusted annual rate of 629,000, the department's Census Bureau said in a release.

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Starts of new single-family homes rose by 9.4 percent to 453,000 in June over May, the bureau said.

Permits for apartments and condos increased 8.2 percent to 198,000 units, data showed.

Building permits rose 2.5 percent over May to a seasonally adjusted annual rate of 624,000, data indicated.

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