New figures have shown that there was a rise in the number of new homes being built across America, according to data recently released.
The figures show that the construction industry hit a four-year high when it comes to building new homes, emphasizing the return to stability for the property market and the construction industry's desire to start building again to meet the increased demand for housing.
There are plans to build 756,000 new homes at a yearly rate, and the data for June 2012 was the highest since October 2008.
Chief economist Michael Carey said: "Less expensive properties pooled with low mortgage rates are stimulating demand, aiding builders such as PulterGroup Inc to gain profits. A fall in foreclosures, raised hiring and easier admittance of credit cards may be needed to promote a more evident and non-stop rebound in the industry that caused the recession. Housing and construction activity [has] ways to improve; however, it is still low recovery. The improving housing sector is one of the defining moments this year and it will speed up next year."
All over America people have been experiencing a rise in house prices coupled with rising demand. Property prices have risen for five months in a row and the global housing market crash that plunged the world into recession is showing sustained signs of recovery.
Demand is outstripping supply, which is also helping to push up prices, and as more construction firms start the rebuilding process and thus create more jobs, the economy will start to get a stronghold on
recovery.