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More multi-unit buildings in big areas means the 'recovery is now creating more new renters than first-time homebuyers,' Trulia says.
Renewed strength in housing market could boost economy.
The index of builder confidence has hit its highest level in seven months.
Residential construction lags as builders cite high costs and bureaucracy.
Report: 'Each $1,000 increase in the cost of a new median-priced home price forces 206,000 prospective buyers out of the marketplace.'
Housing recovery failing to build momentum as sales of new single-family homes fell 8.1% from May.
Despite the disappointing report, there were silver linings in permits and year-over-year trends.
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