|
Welcome back! What did you think of our Property Management Software?
Are you subscribed to our feed and receiving email updates? |
2010 Real Estate Market Investment Property Forecast
Builders focused on single-family homes are doing better as their inventory levels are down to 1971 housing levels for a population that is 80% more. NAHB is forecasting only 600,000 single-family home starts in 2010 as compared to 440,000 housing starts in 2009. The average single-family home starts in a normal economy are 1.5 million.
But multi-family housing will stabilize at end of 2010 but the housing starts in multi-family will decline in 2010 to 87,000 as compared to 112,000 in 2009. The major challenges faced by builders are still the lack of availability of credit and high vacancy rates.
Read NAHB’s forecast of 2010 for real estate and economy by CLICKING HERE
This blog post is brought to you by SimplifyEm Pay Rent Online and Property Management Software
You might also want to read:
- 2010 1st Quarter Real Estate Market Data – The State of US Housing Market Activity The National Association of Home Builders (NAHB)/ Wells Fargo conducts a monthly survey focusing on builders’ views of the level of sales activity and their expectations for the near future.......
- 2009 4th Quarter Real Estate Market Data – The State of House Building and House Builders Housing production indicators continued to show improvement in the fourth quarter of 2009. The number of single-family housing permits and completions both rose in the fourth quarter, but housing starts......
- Detailed look at the 2009 US Real Estate Property, Housing Market Data Single-family housing production indicators (permits, starts, and completions) declined during 2009 and ranged between 24 and 36 percent below their 2008 levels. New home sales also fell during the past......
