The residential segment gives impetus to the US construction industry
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The residential construction sector has been the star performer of the US economic recovery from the COVID-19 crisis; posting double-digit growth rates since the third quarter of 2020 and making significant contributions to the rebound of the economy and overall construction industry
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The residential construction sector remains supported by low mortgage rates, strong demand for bigger living spaces, and low housing inventory in the market
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Supporting the outlook for continued positive growth in residential construction, the total value of housing units authorized by building permits in the country increased by 31% YoY in the first eight months of 2021
The residential segment gives impetus to the US construction industry
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