Construction Corner: Some Housing Markets May Take a Decade to Reach Pre Recession Levels
StoneDimensions
MAY 21, 2015
years; Detroit-Dearborn-Livonia, MI. “The drop in builder confidence is largely attributable to supply chain issues, such as lot and labor shortages as well as tight underwriting standards,” said David Crowe, chief economist for NAHB. ” In the February report, single-family housing production fell 14.9
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