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US house-building market boom forecast for 2013

Posted on 08 February 2013

The US housing market is continuing its steady recovery, with experts predicting another year of continued growth and a long-awaited increase in demand. Last month, the US Census Bureau announced that an estimated 780,000 housing units were started in 2012, a 28% jump from 2011. And permits were authorised for 813,400 housing units last year — nearly a third up on 2011 — meaning more construction is on the way.
That growth is partly thanks to a big boost in multifamily housing. Multifamily production has risen 273% since its low point in 2009, according to the National Association of Home Builders (NAHB)………………………………………..Full Article: Source


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