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US housing starts fell 5 percent in August

The U.S. housing market continues to struggle, according to new data released Tuesday morning.

The U.S. Commerce Department said housing starts declined more than expected in August, falling 5 percent to a seasonally adjusted annual rate of 571,000 units as groundbreaking for both single-family and multi-family units moved lower, according to a Reuters report. At the same time permits for future construction increased, the news wire reported.

July's starts were revised down to a 601,000 unit pace, which was previously reported as a 604,000 unit rate, Reuters said. Economists polled by Reuters had forecast housing starts to fall to a 590,000-unit rate in August.