dsnews.com - Given improvements seen in housing, Fannie Mae revised its housing forecast higher for 2012 and 2013 in its November economic outlook report.
According to the GSE, the fundamentals are set in place for a “solid” housing recovery, such as low interest rates, rising prices, and a labor market that’s healing.
Considering these developments in housing, the GSE’s Economic & Strategic Research Group anticipates single-family housing starts will jump 25 percent this year, then rise by another 22 percent in 2013.
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realtytimes.com - New housing starts were on the rise for the month of August according to HUD and the U.S. Census Bureau. This 2.3 percent rise was prompted by gains seen in the single-family sector.
The National Association of Home Builders (NAHB) reports that "the pace of new construction rose in every region for a combined 5.5 percent gain to 535,000 units." This is fastest seasonally adjusted rate in more than two years.
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