Ken Simonson is chief economist for one of the largest construction trade groups in the U.S.
"Certainly credit is still a big issue for developers, for people who want to take out a home mortgage. Those things are retarding the ability to order up new construction," Simonson said.
Despite the difficulties, confidence in a full recovery is growing. Economists are forecasting new home construction will add two tenths of one percent to overall U.S. growth this year. That would mark the first year of positive growth for the U.S. housing market since 2005.
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2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25