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US housing construction at highest since recession

Low mortgage rates, better labour market feed home buying, with housing set to boost economy

Published Thu, Jan 22, 2015 · 09:50 PM
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Atlanta

REAL estate developer Crescent Communities in Charlotte, North Carolina, expects to sell 1,000 new homes this year across the Southeast US and Texas, double the number from two years ago.

"Demand is the strongest since the recession" that ended in June 2009 and stemmed from the collapse in housing, said chief executive officer Todd Mansfield. "The economy is getting better and the labour market is getting better."

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