Daily Archives: January 7, 2013

James Mackintosh

The US housing recovery is gathering steam, and bullish economists are hopeful it will give a handy boost to growth, at a time when the US faces more austerity than most of Europe, thanks to the tax hikes agreed in the fiscal cliff compromise.

Credit Suisse has produced a nice chart showing just how big the recovery in housebuilding has been: private housing starts are now running at a higher rate than at the trough of previous recessions all the way back to 1960.

Housing starts since 1960

Source: Credit Suisse

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