U.S. housing starts fall further, but permits at seven-month high
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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.The housing market has not benefited much from declining mortgage rates because of land and labour shortages, which are constraining builders' ability to construct sought-after lower-priced homes. Housing is one of the weakest spots in the economy, which..