The US housing market is starting to boom
The evidence is piling up. The latest indicator comes from the updated US GDP numbers published this morning, which showed the US growing at a faster-than-first-reported 0.8 percent clip in the first quarter. They show residential investment in things like homebuilding and renovation rising at an annual pace of more than 17 percent, a reading that would have put it among the hottest moments during the pre-crisis housing boom.
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