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2011 saw the fewest housing completions on record, according to Census Bureau data compiled by housing blog Calculated Risk, with just 631,200 homes finished.
The Census Bureau reported that new home sales in August were at a seasonally adjusted annual rate (SAAR) of 295,000.
There is still a gap between distressed home sales and existing home sales, despite the significant downward revisions to existing home sales for the years 2007 through 2011
Toll Brothers CEO Douglas Yearley told CNBC this week the company was having its “best spring in five years,” just one sign the high-end housing market is starting to recover, according to Calculated Risk.
Economists are watching sales and prices for what the new limits may be
Increased demand for rental housing has led to a considerable shift upward in multifamily construction.
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