Housing will see improvements in activity this year as the economy and job market continue to improve. This will establish a base for considerable gains in 2012.
"This year's spring selling season will be better than last year's," said NAHB Chief Economist David Crowe, with job growth providing a stronger stimulus in the housing market than last year's tax credits for home buyers.
The forecast is for 575,000 single-family home starts in 2011, a 21% climb over an estimated 475,000 units started in 2010.
More encouraging is a rebound in the confidence of consumers. These same consumers were faced with uncertainty in mid-2010.
Comments(2)