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Victor Whitman is chief reporter at Scotsman Guide Media.
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Single-family starts have climbed steadily since
2014, but remained at roughly 70 percent of the
1.3 million-unit level considered “normal,” the
National Association of Home Builders (NAHB)
said. NAHB projects that home starts will reach
the 1.3 million mark in 2021.
“Fannie Mae believes there is a lot
of potential in the manufactured-
housing market overall.”
Senior product development manager for the
manufactured-housing initiatives, Fannie Mae
Managing director of housing and commercial research,
National Association of Realtors
“They (homeowners) are not going to
necessarily do what they did prior to
the financial crisis, namely, take out
home equity lines of credit, home
equity loans, to go blow on a cruise,
or a new car.”
Home remodeling spending
approaches record levels
The multibillion-dollar U.S. home-remodeling
industry continues to pick up steam. Spending
on home remodels and repairs is forecast to hit
new post-recession heights this year, reaching a
projected annualized pace of nearly $339 billion
in fourth-quarter 2018, according to Harvard
University’s Joint Center for Housing Studies.
Source: U.S. Census Bureau
Source: Joint Center for Housing Studies, Harvard University
Annualized Single-Family Home
Annualized Spending on Home Remodeling*
*As of November in each year
*As of the fourth quarter of each year; 2018 figure is a projection