Housing recovery boosts US economy

America’s housing recovery is gaining momentum, according to the latest data, and it is bolstering other parts of the economy too.

America's housing recovery is gaining momentum, according to the latest data, and it is bolstering other parts of the economy too. US house prices were up by 3.6% year-on-year in September, according to the Case-Shiller index. Another index, by CoreLogic, puts prices up 5% in the year to September, the highest figure since 2006. Housing starts have reached a four-year high. Meanwhile, consumer confidence has jumped to a four-year peak in November and record numbers of Americans visited shops and shopping websites over the four-day Thanksgiving weekend.

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