There is no denying the progression made by the U.S. housing market. The expansion of the economy has certainly started to clear the wake left behind by the recession. Over the course of three years, homes have appreciated by an average of 28.8 percent, returning equity to markets all across the country. The economy has now recovered the 8.7 million jobs lost between the start of the recession in December 2007 and early 2010. However, just as important – if not more – is the amount of new construction taking place. With more confidence in the way things are trending than ever, builders are spending more on their projects. April witnessed builders spend the largest amount of money on construction since May 2012.
