Building of new U.S. homes had accelerated in December to its fastest pace in over four years, supporting the view that housing is poised to provide a substantial boost to the U.S. economy. Last month the starts at building sites for homes increased by 12.1 percent. A trend in growth that has led many analysts to expect residential construction boosted the economy last year for the first time since 2005. December’s pace of groundbreaking was the fastest since June 2008.
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