construction: The New Normal?
- 01/10/15 05:19 AM
When markets are normal, builders build. And that’s exactly what’s been going on lately. According to theCalifornia Building Industry Association, new housing starts are up year-to-date with 61,361 new single- and multi-family units. This uptick in building starts signifies a stabilized housing market. But is this as good as it gets? Is this the new normal? The fact that the National Association of Homebuilders (NAHB) Leading Markets Index (LMI) for Orange County is back to a level not seen since December 2008 leads us to believe that, if it’s not the new normal we’re certainly getting close. The NAHB says that while recovery is still … (3 comments)
When markets are normal, builders build. And that’s exactly what’s been going on lately. According to theCalifornia Building Industry Association, new housing starts are up year-to-date with 61,361 new single- and multi-family units.
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