Tagged : drop in foreclosures

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money.cnn.com - The better-than-expected February jobs report got a big lift from 48,000 new jobs in the construction industry. Builders have added 151,000 jobs over the last five months, the sector's best hiring surge since the 2006 housing bubble.

The employment numbers reiterate what other housing reports have found: Home prices are up, as are home sales. Near record low mortgage rates and a drop in foreclosures have created a much better market for builders. In January, they filed for the greatest number of building permits since 2008.

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