Rise In Home Construction Suggests a Turnaround

Rise In Home Construction Suggests a Turnaround

The AP (12/21, Kravitz) reports, "builders in November broke ground on homes - houses and apartments alike - at an annual rate of 685,000" according to the US Department of Commerce. This represents "a 9.3 percent jump from October" and is "the fastest pace since April 2010." The AP characterizes this as a "gradual comeback" for home constructions that "should add to the nation's economic growth in 2011."