“Home resales rose in August to their highest rate in more than two years and groundbreaking on new homes also climbed, signs that a budding housing market recovery is gaining traction. That was well above economists’ expectations and the fastest rate since May 2010 when activity was being supported by a home-buyer tax credit. The U.S. economy has grown at a lackluster pace this year and has struggled to create jobs, but the housing sector is a relative bright spot for the first time since the 2007-09 recession.”
http://www.reuters.com/article/2012/09/19/us-usa-economy-housing-idUSBRE88I0OR20120919
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