Housing Will Continue Gradual Climb to Higher Ground in 2017
ORLANDO, Fla. - Fueled by a growing economy, solid employment gains and rising household formations, single-family production will continue on a gradual, upward trajectory in 2017, according to economists speaking at the National Association of Home Builders (NAHB) International Builders' Show in Orlando, Fla., this week.
"While positive developments on the demand side will support solid growth in the single-family housing sector in 2017, builders in many markets continue to face supply-side constraints led by the three 'Ls' - lots, labor and lending," said NAHB Chief Economist Robert Dietz.