Home building is set for a rebound in 2011, with single-family housing starts projected to climb 21% to 575,000 units, the chief economist for the National Association of Home Builders said Wednesday. But the increase comes after a crash that has cut single-family construction 80% from its peak, meaning the gain won’t have much economic impact.
Home-building rebound in 2011 a small matter
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Opinion: Riding the wave
In Fannie Mae’s most recent National Housing Survey, only 17% of consumers said they think it’s a good time to buy a home.