Home construction in the US surged in September to its fastest pace in more than four years, offering further evidence that the housing sector is regaining strength after years in the doldrums.
The data could be of aid to President Barack Obama’s re-election campaign, particularly in battleground states such as Florida and Nevada. These states were among the hardest hit by the housing crisis, suffering from big job losses in the construction sector amid vast swaths of property in foreclosure.
But the rebound in the housing sector, though it remains in its early stages, could make many Americans feel better about economic conditions as they head to the polls on November 6.
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