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After Sandy Construction and Home Improvement Works Will Give Boost to US Economy

<p>Though most of the coastal parts of USA are getting devastated and demolished by Sandy&comma; still there is a ray of hope that after sandy&comma; construction and home improvement sectors to develop a lot and it will boost US economy to some extent&period; According to analysts&comma; no such considerable development has taken place in this segment from long time and unfortunately&comma; the rebuilding facility after super storm sandy will bring that change&period; Homeowners are on the buying spree of cleaning supplies&comma; gas cans&comma; generators and many other home improvement tools after the impact of Sandy&period;<br &sol;>&NewLine;The considerable lift in US economy due to rebuilding or reconstruction is about to take place within the first 3 months of the coming year&period; At least&comma; the economy experts of the country are expecting so&period; As sandy has taken almost everything with it thus rebuilding will be important for almost everyone&period; It is thus being presumed that the local governments of individual coastal states will hire construction contractors to rebuild bridges and roads&comma; official and corporate buildings and personal houses as well&period;<br &sol;>&NewLine;An honorable personnel of an economy organization commented that there are maximum chances for the calculation to become true and in Mid-Atlantic States&comma; rate of rebuilding or reconstruction will be more than any other areas&period;<br &sol;>&NewLine;According to present status&comma; the super storm sandy has inflicted almost &dollar;50 billion loss &lpar;estimated&rpar; damage that includes living cost&comma; additional&comma; business lost and property damage as well&period; The two mid Atlantic cities that faced the havoc are New York Cities and New Jersey&period;<br &sol;>&NewLine;Experts say that development of construction job is important for the proper growth of any country economy&period; Pay rate for these jobs is average &dollar;25&period;86 per hour basis that was generally &dollar;23&period;58 in all US countries&period; This hike will be noticed in other segments as well like in hospitality and leisure&comma; hotel and restaurant jobs&comma; etc&period;<br &sol;>&NewLine;It is very natural that job development in construction will increase the chance for development in other related fields as well&period; Sellers&comma; real estate agents&comma; contractors&comma; and architects are supposed to get a huge number of contacts from the very beginning of the coming year&period; Already a change has been noticed in stock level of construction wings as the companies like Home Depot and Lowe has shown almost 3 and 6 &percnt; development&period; However&comma; the overall prices for stalks were usually flat&period;<br &sol;>&NewLine;Economists of the country also commented that the rate of hiring construction professionals will also decrease shortly and when the storm damage is over this rate may not be constant&period;<br &sol;>&NewLine;Demand for reconstruction is huge in areas that have been hit by storm directly&period; Sandy has already wrecked almost thousands of concrete homes along the coastline of New Jersey&period; The total count of houses includes regular homes&comma; modern bungalows&comma; Million-dollar houses&comma; along with bridges&comma; boardwalks and roads&period;<br &sol;>&NewLine;A carpenter working in New Jersey reported that he has already received calls from local and distant homeowners for repairing and he is planning to hire a manager to organize the huge demand for work perfectly&period; It is expected that as the construction firms has already opted for hiring the professionals&comma; the demand will soon increase rapidly&period;<&sol;p>&NewLine;

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