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13 February 2012

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French October housing starts dive 21%, 12th consecutive monthly drop

French new housing starts fell in October for the 12th month in a row and by nearly 21%, the largest decline in four months, according to the housing ministry. New starts fell 20.6% in the three months to end-October compared with the same period in 2007, the biggest fall since June's dive of 28.2%,. Signs of a correction in the French housing market have been growing for months.

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