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In what can only be described as FANTASTIC news, the American housing industry is seeing remarkable growth after years of sliding prices and falling home ownership rates.
“U.S. builders started construction on single-family homes and apartments in September at the fastest rate since July 2008, a further indication that the housing recovery is strengthening.
The Commerce Department said Wednesday that builders broke ground on homes at a seasonally adjusted annual rate of 872,000 in September. That’s an increase of 15 percent from the August level.
Applications for building permits, a good sign of future construction, jumped nearly 12 percent to an annual rate of 894,000, also the highest since July 2008.”
To read more, click here: http://finance.yahoo.com/news/us-housing-construction-15-percent-123835498.html