U.S. housing market mired in weakness; consumer sentiment ebbs
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WASHINGTON (Reuters) - U.S. homebuilding fell for a third straight month in July amid a steep decline in the construction of multi-family housing units, but a jump in permits to a seven-month high offered hope for the struggling housing market.Declining mortgage rates have done little to stimulate the housing market as land and labour shortages constrain builders' ability to construct sought-after lower-priced homes. Housing and manufacturing are the weakest spots in the economy, which this week..