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U.S.A: Construction of Residential housing is showing a comeback

U.S.A: Construction of Residential housing is showing a comeback

2010-12-24 by

Washington, December 16th 2010, according to the AFP the construction industry is doing much better especially for residential housing.

Experts have predicted 534,000 new construction sites. They will actually be 555,000.

Construction of new residential housing by real estate promoter has increased by 6.9% in November 2010. On the other hand, construction of apartment buildings has decreased by 9.1%.

Experts have come to the conclusion that the most important growth number comes from the construction of new residential housing.

Another good news is the growing demand of construction permits which is a sign that the construction industry’s comeback will be there for a long time.

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