Housing construction comeback good news for builders
Among the brightest bits of news linked to the COVID-19 epidemic was the report last week that home sales are booming in the United States. The pace of home purchases jumped by a record-high 24.7% last month, according to the National Association of Realtors. Analysts credited low mortgage interest rates and a limited supply of houses for the boom. Think back a few years to the so-called Great Recession. You may recall it was sparked by a crash involving sub-prime mortgages, or home-buying loans granted to people who could not make the monthly payments. When that house of cards ...