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Released: March 22, 2013
Housing, ailing for years, starts to recuperate
Source: Floyd Norris, NY Times (Free Registration)
The first couple of years of economic recovery after the Great Recession were notable for one no-show.
The housing industry made no contribution at all.
Now it appears that industry is finally starting to recover. Housing starts are rising at a rapid rate, albeit from a very low level. And last year, residential construction spending, adjusted for inflation, climbed 12 percent, after declining for a record six consecutive years.
Read Full Article: Housing, ailing for years, starts to recuperate
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