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November 20, 2012

Housing recovery is boosting economy

  • T. Rowe Price estimates that the housing recovery could add 25,000 jobs a month next year.
  • By ALEX VEIGA
    AP Business Writer

    WASHINGTON — From purchases and prices to builder sentiment and construction, the U.S. housing market is making consistent gains.

    The latest evidence came in reports Monday that sales of previously occupied homes rose solidly in October and that builders are more confident than at any other time in 6 and ½ years.


     
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