U.S. home construction increased 15.7 percent in July to a seasonally adjusted annual rate of 1.09 million homes, the Commerce Department reported. That was the fastest pace since November and followed declines of 4 percent in June and 7.4 percent in May. The July rebound reflected strength in single-family home construction, which rose 8.3 percent, and in apartment construction, which was up 33 percent.
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