The housing market is expected to make big strides to getting closer to more normal levels, due mostly to a rise in home prices and household formation that is adding to demand, the NAHB reports.
Single-family housing starts are forecasted to reach 534,000 units this year, up 23 percent this year from 2011. For 2013, single-family housing starts is expected to jump 21 percent in 2013 and another 29 percent gain in 2014 to 837,000 units. Multifamily production is forecast to jump 31 percent this year to 233,000, and gain another 16 percent in 2013 to 270,000.
New single-family home sales are forecast to post a 20 percent jump this year to 367,000 and to rise another 22 percent in 2013, and reach 607,000 by 2014. Read more...
No comments:
Post a Comment