Real Estate

Housing rebound boosts U.S. economy

Construction on new properties rose in December at the fastest clip in four years and the sale of new homes in the last month of 2012 is likely to remain at a two-and-a-half-year high. What’s more, existing homes are selling at their strongest pace in three years. These are all playing a large role in the recovery of the economy, MarketWatch reported.

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3d rendering of a row of luxury townhouses along a street

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