American new home construction rose in December and ended 2012 with the most new homes built since 2008.
According to a recent announcement via the Commerce Department, new home construction increased 12.1% last month to a seasonally adjusted annual rate of 954,000 – the highest percentage since July 2008.
Equated to this time last year, new home building was up 36.9%. In total, 780,000 new homes were built in 2012, the highest number since 2008. (via Sarah Portlock And Alan Zibel/The Wall Street Journal) Read More