• Bloomberg


Housing starts declined at the slowest pace in eight months in February, a sign that the economy is recovering from the building slump driven in part by a change in construction regulations.

Groundbreaking on new homes and condominiums slid 5 percent from a year earlier after falling 5.7 percent in January, the land ministry said Monday. The median estimate of 28 economists surveyed was for a 1 percent drop.

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