Economists at JPMorgan expect that housing will keep improving with construction this year hitting 925,000 homes and apartments, up 18 percent from 2012. The forecast is for a further increase to a level of 1.13 million homes and apartments in 2014.
The overall economy grew at an annual rate of 2.5 percent in the April-June quarter, an improvement from a growth rate of 1.1 percent in the first three months of the year.
Federal Reserve Chairman Ben Bernanke has said the central bank is prepared to start reducing its monthly bond buying later this year if the economy and labor market keep improving.
Some economists believe the first cut in the $85 billion per month in bond purchases might come at the Fed's next meeting on Sept. 17-18. But others argue that the economic outlook remains too uncertain at the moment to start reducing bond purchases. They are forecasting the Fed will wait until either its October or December meetings before making a move.
Cut pounds of stomach fat every week by using this 1 weird old tip.