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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

Housing starts are likely to rise 15 per cent to 1.15 million this year with the pace accelerating in coming quarters, according to the median forecast of economists surveyed by Bloomberg in January.


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...

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