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U.S. housing starts rose far less than expected in March and permits recorded their biggest drop since last May.
Graduates from the plethora of Philadelphia colleges could boost a reviving housing market in the city.
Foreclosures, which include foreclosure notices, scheduled auctions and bank repossession, were up 20 percent last month.
Home builders are bullish on low rates and continued job growth as spring buying season kicks into high gear.
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