Phoenix, Arizona. November 17, 2012 - Experts on economy believe that one more reason for the rebound in new housing building is that the numbers of foreclosed and previously-owned homes have been falling. These homes usually represent a competition to newly built homes. The U.S. housing market begins to strengthen as the Department of Commerce reports an increase of 15% in September in comparison to August to an adjusted annual rate of 872,000 units. From last year's numbers, new construction is up 34.8%. Photo by Eduardo Barraza © 2012
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