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New Home Construction rose 7.2% in March

As quoted in the Washington Post. New construction of single family homes make up 80% of all home construction. Although new home construction fell in most areas of the U.S. it did increase in the Midwest by 32%. New home construction can provide 3 jobs for a year and generate up to $90,000 in taxes. The over all expectation for a housing recovery this year is still negative. http://www.washingtonpost.com/business/new-home-construction-jumps-72-pct-in-march-as-spring-buying-season-approaches/2011/04/19/AFo7aW4D_story.html

Posted by Kilb and Rebecca Norgaard @ 12:00 AM on 04/19/2011
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