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Superstorm Sandy has caused a surge in home building in December as the market bounced back.Builders started construction at an annual pace of 954,000 home last month, the Census Bureau reported, up more than 12% from November’s pace. That’s a nearly 37% leap from December of last year.The reading smashed the 889,000 that economists surveyed by Briefing.com were expecting.The Northeast saw a 19% increase in housing starts from November to December, as construction picked back up again after the storm put a halt to new building activity.
From: realtytoday.com – Read more

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