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U.S. Single-Family Construction Nearing Five-Year Highs

hamilton-zanze July 15, 2013

In March, new single-family home construction across the U.S. reached the highest level in almost five years, with starts climbing 7% to a 1.04 million annual rate. This increase is a reflection of increased multifamily building, near record-low mortgage rates, and pent-up demand for rental units.

A lack of inflation also means the Federal Reserve can keep putting money into financial markets to boost the market.

Read the full article at Bloomberg

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