StockMarketWire.com - US privately‚Äźowned housing units authorized by building permits in January rose 9.2% to around 1.55m, according to the Census Bureau.

The increased beat market expectations for a more modest rise to 1.45m, from 1.42m in December.

Housing starts fell 3.6% to 1.57m, though the fall was shallower than market expectations for a drop to 1.40m.

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