This may be the best year for the housing market since the recovery began, says Trulia’s Chief Economist Selma Hepp.
Housing starts and permits, though volatile, have had a strong rebound after this past harsh winter. In June, housing starts increased by 9.8 percent from May, and had a year-over-year increase of 26.6 percent.
Hepp pointed out six takeaways from June’s numbers. Here are the first three:
- Single-family starts are still at less than half of their historical average
- Despite experts predicting multifamily construction would slow down, there was annual growth
- There are signs that the apartment market may peak soon
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