Raising the Roof on USG
There's little doubt that the U.S. homebuilding market is in the midst of rebound. December 2012 housing starts of 954,000 housing are 12.1% higher than November's annual rate and nearly double the recession low of April 2009, which offers credence to the National Association of Home Builders' (NAHB) 2013 forecast.
In late December, the NAHB published its forward-looking forecast and shared its view that total housing starts should reach 932,000 in 2013, up from 774,000 in 2012 and 554,000 in 2009. In 2014, the NAHB sees housing starts climbing to 1.14 million units. Breaking down that forecast, the NAHB sees pretty much matched growth year over year in 2013 between single-family housing and multi-family housing. That changes in 2014 with the NAHB calling for a 30% increase year over year in single-family homes vs. just 6% for multi-family starts. Driving that production rise is industry's need to restock single-family housing inventory. As we learned with December existing homes sales, the nation's inventory of existing homes fell to the lowest level since January 2001....374 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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