Builders Prepare to Work on New Developments in 2012
OtherAlthough 2011 was among the slowest years ever for single-family construction starts, observers say builders across the country are preparing to commence work on new developments. The National Association of Home Builders’ Chief Economist David Crowe says 2011 starts came in around 425,000, down from the previous low of 442,000 in 2009, with declines in consumer confidence helping to pinch the number of groundbreakings. According to Census data, single-family homes account for just 2.3 percent of the 9 percent increase in starts in November. Meritage Homes CEO Steve Hilton does […]
