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Total housing starts increased 3 percent on an annual basis in February, slower than the 5 percent gain seen in January. The rate of growth weakened for the fourth successive month. Economists had forecast a 1.8 percent contraction in February.
of housing starts, on an annualized basis, increased to
At the same time, construction orders received by big 50 contractors in Japan climbed 16.3 percent year-on-year in February, reversing the 3.7 percent decrease seen in January, data showed.
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