While a veritable crash in home building was among negative results of the Great Recession, a reversal of these factors is on the verge of creating a new housing boom.
Although rentals and leasing in metropolitan, suburban and rural areas filled the five-year period after the financial recession recovery, last year’s surprise single-family housing starts of 750,000 may soon come close to the coveted 1 million starts easily exceeded during this century’s first decade. A number of factors assure that a new post-crisis high is on the way: