CNNMoney surveyed a large group of economists and over half agreed that the housing market is fueling the economy this year and promoting further growth. Keith Hembre, Chief economist at Nuveen Asset Management, a company offering institutional investment expertise said, “Homebuilding activity will likely remain the strongest growing component of the economy in 2013.” Home sales showed the largest gain in 5 years last year while home construction starts jumped to the highest levels since the recession. More here
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