Industry Experts Forecast Modest Housing Growth

According to Chip Case, professor emeritus of economics at Wellesley College and senior fellow at Harvard’s Joint Center for Housing Studies, the mortgage interest deduction will be on the table after the election as well as other tax reform issues. As WindowFilmMag informs MHProNews, after 44 months housing starts finally surpassed the 800,000 mark, but he is not ready to open the champagne bottle yet. Speaking at the 2013 McGraw-Hill Construction’s Annual Outlook Executive Conference, Case said, “A mini-boom could happen but I don’t think it will have the legs of what we have seen in the past.” Robert Murray of McGraw-Hill Construction said the residential market has grown 26 percent this year. While noting single-family housing is picking up, he said multi-family is a bright spot and should remain strong for two to three more years. “It is a subdued upturn but it is there,” he said.

(Photo credit: Universal Forest Products, Inc.)

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