U.S. home construction making steady comeback
WASHINGTON – Builders are putting up more new houses than they have in nearly four years, a long-awaited recovery that could help energize the U.S. economy.
From areas such as Phoenix that are finally arising from the housing bust to Chicago and Minneapolis, where strong economies have lifted demand, the outlook for home building looks healthier than at any time since sales and prices collapsed in 2007.
“We’ve been hoping for this for a long time,” said Celia Chen, a housing economist at Moody’s Analytics. “It looks like things are turning.”
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