US housing falls sharply

US housebuilding tumbled to a more than two-year low in December as construction of single and multi-family housing declined, the latest indication that the economy had lost momentum in the fourth quarter.

US housing falls sharply

US housebuilding tumbled to a more than two-year low in December as construction of single and multi-family housing declined, the latest indication that the economy had lost momentum in the fourth quarter.

However, there was some good news on the economy, with other data showing a rebound in consumer confidence in January after three straight monthly declines.

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