In December, the pace of single-family home construction, which makes up two-thirds of the market, increased 8 percent. While that's well below healthy levels, single-family housing starts are now 75 percent higher than the recession low reached in March 2009.Apartment construction, which is more volatile, surged 23 percent last month. It is now back to pre-recession levels.
Surge In Home Construction Likely To Continue
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