New construction in the United States is an important economic indicator that investors regularly use to draw conclusions about the strength of the economy. Every month, around the 17th, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly issue the New Residential Construction Report. The strength of the housing market correlates with the status of many other consumer goods, like new furniture and other household items that often go hand in hand with a move. The 'housing starts' report, as it is frequently called, is indicative of overall economic stability and these three cities topped last year's list.
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