Tag Archives: Fitch expects 10% rise in single-family housing starts

Fitch Ratings believes single-family housing starts will increase 10% in 2012, while new home sales will rise 8%, according to the firm’s latest U.S. homebuilding update. Still, the ratings giant sees an erratic homebuilding market after witnessing disappointing results for 2011. “Single-family housing finished well below expectations at the beginning of the year,” Fitch said in its update. “Single-family starts fell 8.5%, while new home sales declined 5.9%. Existing home sales, meanwhile, improved 1.7%.” Despite challenges in the housing market and the expectation that home prices will remain soft, Fitch […]