US Housing Market Surges to Record Highs in November

The realty sector in the United States witnessed phenomenal growth in 2017, largely on the back of an increase in the labour market, which saw unemployment sliding to multi-year lows. The rise in demand also led to a surge in input costs and an acceleration in home prices. On the supply side, builders struggled to cope with the growing demand, leading to a severe shortage in inventories.

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Source: ForexFocus

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