Economics

Slow and Steady Recovery Bodes Well for Home Building

May 15, 2017

The home building recovery has been slow and steady, and nearly nine years after the housing crisis, that’s probably a good thing because it will buoy economic growth for some time. The latest data from NAHB and the U.S. Commerce Department shows that builders broke ground on 784,000 single-family homes in 2016. NAHB chief economist Robert Dietz forecasts a 9 to 10 percent gain in 2017 and 2018.

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