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Home Boom May Not Avoid Econ Gloom

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Home Boom May Not Avoid Econ Gloom
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Homes have been the sweet spot for the economic recovery- but as other sectors lag, the dependence on housing to drive the broader recovery is a growing concern. Housing remains strong: new data shows groundbreaking for new U.S. homes at their highest level since 2008- at an annual rate of more than a million. But they were driven by a big jump in construction of multi-family homes- and that's a volatile part of the industry. Starts for single family homes actually fell.moreless
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