Vital Signs: High Hopes for a Housing RecoveryJames C. Cooper
After a few rounds of uniformly upbeat housing data, some of it surprisingly strong, there is now little doubt that the long-awaited housing recovery is finally underway. Economists estimate that homebuilding will add more than 0.5 percentage point to third-quarter economic growth, the first positive contribution in 3½ years. The question now is: Will the recovery last?
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