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Housing Starts Expected to Climb in 2011
New home construction is looking up this year.
During an economic update Wednesday at the International Builders' Show in Orlando David Crowe, chief economist of the National Association of Home Builders, projected single-family housing starts to rise by 21 percent in 2011, reaching 575,000 units.
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Fact: For every additional 1,000 home sales, about 500 jobs are added to the economy. Those are real jobs that give our families, friends and neighbors a chance to work.
Fact: Every home purchase pumps $60,000 into the economy.
Fact: Housing accounts for more than 15 percent of the national gross domestic product.
Fact: Home owners pay 80 to 90 percent of ALL federal income taxes.
Search now to find a foreclosure home in the Kansas City area. The opportunity to find a Short Sale property in Kansas City is great. If you need more details about a property you find, contact your RE/MAX Best Associate, we can help get the information you need.
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Equal Housing Opportunity. RE/MAX received the highest numerical score among full service real estate firms for home sellers and home buyers in the proprietary J.D. Power and Associates 2011 Home Buyer/Seller StudySM. Study based on 3,861 total evaluations measuring 8 firms and measures opinions of individuals who bought a home between March 2010 and April 2011. Proprietary study results are based on experiences and perceptions of consumers surveyed March - May 2011. Your experiences may vary. Visit jdpower.com