LAS VEGAS – A weak national economic recovery will slow down the pace of the housing market rebound this year.
Even with an expected 25 percent increase in nationwide home starts, U.S. housing construction will remain at one of the lowest levels in generations. But at least the numbers are moving back up again, economists at the National Association of Home Builders’ conference this week say.
“The builders have been through a really tough time the last three years,” said David Crowe, the builders association’s chief economist. “It won’t be a strong recovery, but it will be a recovery – that’s still very good news.”
DallasNews.com Real Estate News