Homebuyers and renters have crowded into the US housing market this year, pushing up prices to levels that have placed a potential cap on sales growth. Photo: Reuters

Single-family houses fuel gains in US homebuilding

Rise in housing starts reflects increased sense of financial security amid steady job growth, modest lay-offs and relatively low mortgage rates

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Homebuyers and renters have crowded into the US housing market this year, pushing up prices to levels that have placed a potential cap on sales growth. Photo: Reuters
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