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    FAST FACT

    July 1, 2002
    Housing starts in May increased to an annual rate of 1.73 million, from a revised 1.55 million pace in April. The 11.6 percent increase is the largest

    Housing starts in May increased to an annual rate of 1.73 million, from a revised 1.55 million pace in April. The 11.6 percent increase is the largest month-to-month jump since 1995.
    — U.S. Department of Commerce