Thursday, July 19, 2012
Freddie Mac’s U.S. Economic and Housing Market Outlook for July shows that while the construction industry continues to struggle on the jobs front, data suggests this sector is ready to get back to work.
Important highlights from the report include:
According to Frank Nothaft, Freddie Mac vice president and chief economist, "While housing may not have played its traditional role coming out of the Great Recession, at the end of the day, it has turned a very large corner and now it's time to get this sector back to work whether through construction jobs, remodeling, or home brokerage."
Source: Freddie Mac
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