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Americans Are Pouring Money Into Their Homes Like It’s the 1990s – Bloomberg

by Vince Golle
‎June‎ ‎06‎, ‎2017‎ ‎8‎:‎00‎ ‎AM

  • Industry took advantage of second-warmest period on record
  • Gains helped by home improvements, boosting employment

If you’re building or renovating a home in the U.S. these days, you’ve got plenty of company.

Americans’ spending on residential construction projects — from the pouring of foundations to home improvement — just hammered out its strongest three-month period since 1994.

Solid job growth, low borrowing costs and a recovery in home equity since the market crash a decade ago are generating momentum. The outsized advance in outlays also has its roots in more than favorable conditions for building across the U.S. After all, the first four months of 2017 were the second-warmest on record, according to the National Oceanic and Atmospheric Administration.  Read More….