Drop in U.S. Housing Starts Underlines a Slowdown

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Drop in U.S. Housing Starts
Underlines a Slowdown

By Joi Preciphs and Kemba Dunham

Signs of a housing slowdown intensified as home construction fell sharply last month, and a deep-discount deal offered by a major home builder in one of its pricier markets suggested the industry may be feeling some anxiety.

Meanwhile, two other big home builders, D.R. Horton Inc. and Beazer Homes USA Inc., reported solid quarterly earnings growth, but analysts said Horton looks better positioned to cope with a downturn.

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