Wednesday, February 23, 2011
Construction News Headlines for February 23, 2011
Fannie Mae: Housing Starts to Triple by 2013
Federally sponsored lender Fannie Mae is predicting housing starts to triple by 2013 to 1.5 million starts, returning the industry to 2007 levels, about 30% below the 2006 housing-start peak of 2.2 million starts. According to the agency’s economic outlook, housing starts are predicted to increase 17.3% and hit 710,000 this year, well below 1991?s recessionary housing-start nadir. Another 47% increase to 1.1 million starts in 2012 looks
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