The housing market may seem like it is losing steam lately, but many experts expect a jump in momentum as construction plans get underway. According to the Commerce Department, building permits in the U.S. for new homes skyrocketed last month to the highest level seen in five years, increasing 6.2%. The new construction plans will inevitably bring new jobs helping the economy grow in more ways than one. Trulia’s chief economist, Jed Kolko said, “the increase in building permits is clearly a bright spot for the recovery.” More here
