Sales in the December 20 report were the strongest since a first-time buyer credit was due to expire in November 2009.
 
Sales of higher-priced homes are increasing and becoming a greater share of US economic growth. The growth is giving consumers confidence both in home prices and their local housing markets.
 
Retail construction may contribute as much as .3% to gross domestic product (GDP). That contribution may double next year and subsequently spill over into related industries such as furnishings and remodeling.

 

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