Housing Starts were up a whopping 47% in the year ended in March of 2013 to 1.036 million units and up 72% from March of 2011. The increase of 47% was the largest year-over-year increase since 1992. What most people don’t understand is how housing effects our economy. When a new house is built… think of all the people that employs: plumbers, carpenters, landscapers, concrete workers, electricians, etc. and they have to buy their supplies and materials. And it ripples out from there as they spend the money they are making being back to work. So yes, in a way, the housing market is vital to all of us.
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