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Article updated: 1/18/2013 6:53 AM

Surge in home construction likely to continue

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A new home is constructed in Pepper Pike, Ohio. US home construction surges 12.1 percent in December to end best year since 2008.

Associated Press

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The aftermath of the housing bust forced many homebuilders to dramatically scale back construction on new homes to avoid the risk of ending up saddled with a trove of newly built, yet unsold properties. But an improving housing market has homebuilders feeling more confident about sales, and that's likely to kick the pace of new construction into a higher gear this year.
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