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US housing market boost from Federal Reserve

20 March 2013 Last updated at 11:47 GMT

The Federal Reserve is likely to keep pumping billions of dollars a month into the US economy after a two day meeting in Washington.

The aim is to encourage businesses and households to spend and invest.

In February the number of new housing projects hit a four year high which spurred on some firms, especially in construction to start hiring again.

Michelle Fleury reports.