Builders predict big expansion in construction

Builders predict big expansion in construction “Higher mortgage rates will be offset by stronger wage gains and job growth, which suggests that housing demand will increase this year,” says David Berson, chief economist for Nationwide Mutual Insurance Co.
“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,” says NAHB chief economist Robert Dietz.

Source: Florida Realtors