What does Ezra 3:11 mean?

They sang to each other, giving thanks to the Lord: 'He is good; his faithful love for Israel lasts forever.' All the people shouted with joy and praised the Lord because the foundation of the Lord’s house had been laid. Ezra 3:11 - Modern Text Bible

(Everyone joined in singing and shouting, overwhelmed with gratitude and hope because the temple was finally being rebuilt.)