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Single-family permits were also up, while multifamily permits retreated from March’s surge.
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May 10--MCALLEN -- A troubled economy has caused the percent of U.S. residents who own homes to drop to its lowest point since 1997.
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May 4--Compared to the rest of the nation, the average working family in Pittsburgh is not struggling as hard to keep a roof over its head.
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Private spending on single-family homes outperformed the overall numbers.
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While housing vacancies declined in the first quarter, the homeownership rate was at the lowest level seen in 15 years, according to Census Bureau data.
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The monthly estimate was not statistically significant, leaving in question whether sales actually went up or down.
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Starts, on the other hand, declined for the second consecutive month.