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U.S. builders broke ground in March on homes as a seasonally adjusted rate of 1.04 million — the fastest pace in nearly five years — on a surge in apartment construction. The gain signals further strength in the housing market ahead of the spring-buying season.
Early reports from retailers show that Americans took a a breather from their March shopping spree in April, partly because Easter came earlier. But the spring selling season is ending up respectable, an encouraging sign for the economy....