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The economy stinks, but housing keeps picking up

Posted on 18 July 2012

Yes, the housing bust is over. As the broad economy continues to struggle, the housing market — one of the most beleaguered pockets of the economy for years — continues to exhibit signs that the worst is in the past.
Today’s data represent another indication confirming that mindset. U.S. home builders’ confidence registered the biggest monthly jump in nearly 10 years, another piece of evidence that housing is potentially becoming a source of strength for the economy………………………………………..Full Article: Source


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