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JLC • NEW ENGLAND UPDATE • FEBRUARY JLC • NEW ENGLAND UPDATE • NOVEMBER 1996 New England Set For Rebound? Signs suggest surge at hand While politicians spent the summer debating the health of the national economy, the foundations of the New England construction economy continued to grow ever more solid, setting the stage for what may be a period of sustained, steady growth. The signs pointing to this likelihood have gone from encouraging to positively reassuring. Building permits, home sales and prices, and employment have all risen significantly over the last year, while housing inventory (the amount of housing waiting to be sold) has dropped. The changes in employment, income, and housing inventory are particularly encouraging. In August in these pages (see "N.E. Housing