Economist Patrick Newport of IHS Global Insight predicts housing starts of 966,000 this year, up from 781,000 in 2012. But he doesn’t expect a normal level of 1.5 million starts until 2015 because high mortgage debt and strict lending standards are still crimping growth.
Housing is key to full job recovery
Most Popular Articles
Latest Articles
Pending home sales post a modest gain in March: NAR
Pending home sales increased by 3.4% from February to March despite rising mortgage rates, the National Association of Realtors reported.
