US home construction is making a comeback, thats some encouraging news to start your week off right? It’s about time US home construction starts moving along. Will home loan rates start to clime? May this is the push we need to get the US back on track.
US home construction is making a comeback that could invigorate the economy’s recovery.
The pace of construction has grown steadily in the past year, and analysts expect it to keep rising.
Experts predict that housing will add about 0.25 percentage point to overall economic growth this year. If this stat becomes a reality, it would be the first year that housing has been a positive factor for economic growth in five years.
Applications for building permits have increased by 12%, a sign of future construction.
DID YOU KNOW: According to the home builders group, each home built creates an average of three jobs for a year and generates about $90K in tax revenue.