U.S. housing starts rose in February, building permits climbed to its highest since 2008, these signs indicate that the housing market's recovery is accelerating.
The U.S,replica oakley sunglasses. Commerce Department on Tuesday February housing starts rose 0.8%, an annual rate of 917000 units. Building permits jumped 4.6% to 946000 units, as the highest since June 2008.
The housing data is the latest evidence that the first quarter growth in the U.S. economy has accumulated considerable energy. Housing activity is helping to resist the negative influence of fiscal policy tightening on the economy,fake oakley sunglasses.
"The housing market will not only for economic growth, will also make a major contribution to increase employment," U.S. Bank owned by The Private Client Reserve The fixed-income analyst Dan Heckman said.
Construction February 48000 new jobs in the United States, is the biggest rise since close to a recession.
Despite the recent economic performance have improved, but the federal reserve (FED/FED) at the meeting on Tuesday and Wednesday, is expected to be decided to go ahead with $85 billion bond purchase plan every month, until it thinks that the job market prospects for a more significant improvement,fake oakleys.
The fed will. (1800 GMT) on Wednesday announced a policy decision.
Last year made a positive contribution to economic growth, housing construction activities for the first time since 2005,replica oakleys; Housing starts and building permits data has also expectations, the industry will provide stronger support for the economy this year.
"Housing construction activity continues to rebound, help the economic recovery," PNC Financial Services analyst Gus Faucher said noted. "Building permits growth suggests that the spring housing construction activities will be very healthy."
Wednesday, March 20, 2013
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