State of Construction

MSNBC.com recently posted an article titled "Construction picks up, but pace remains slow", indicating that, although home construction rose 3.5% since April 2011, the pace of construction is far below the 1.2 million homes per year that must be built to sustain a healthy housing market according to economists.  Although the number of housing permits increased, condominium and apartment construction was the main reason.  Unfortunately, according to this article,the construction pace of single-family homes, which accounts for about 80 percent of all residential construction, is well below the 2010 rate. 

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