The Cape is Back

REVIEW SUMMARY
Industry. Residential construction
Trend. Hard hit areas such as Cape Coral are seeing a residential building resurgence.
Key. Labor costs could jump if there's a meaningful rebound in construction.

The priciest home in this year's Lee County parade of homes is located in the area that epitomized the real estate bust: Cape Coral.

The fact that homebuilding activity is picking up in one of the country's bleakest area for foreclosures is one indicator that the state's economic recovery is well under way.