More new houses are going up now than in almost four years.
From areas like Phoenix that are finally arising from the housing bust to Chicago and Minneapolis, where strong economies have lifted demand, the outlook for home building looks healthier than at any time since sales and prices collapsed in 2007.
“We’ve been hoping for this for a long time,” said Celia Chen, a housing economist at Moody’s Analytics.
Home construction is making a long-awaited recovery that could help energize the U.S. economy. From areas like Phoenix that are finally arising from the housing bust to cities like Chicago and Minneapolis where strong economies have... Read Post
The chart above provides evidence of the significant recovery going on in the Minneapolis Area real estate market, based on new data for market activity there in August:1. Closed home sales during the month of August in the Twin Cit... Read Post