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Housing Market Aids Economic Growth And Employment Rates

Housing Market Aids Economic Growth And Employment Rates

| Jun 11, 2013 | Housing Market

New research has found that the housing market is responsible for improving the economy and employment rates. New home building is responsible for 20% of GDP growth over the last six quarters and is expected to continue to grow as home sales increase and house-related spending takes off. According to the Labor Department, home building employment averaged approximately 2.1 million for the month of April, up almost 100,000 jobs. More here

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