It is expected that there will be a continuous rise in US house building in 2017. Industry experts expect that favourable conditions will be put in place to build on the platform of success enjoyed in 2016.
The mortgage rate is expected to remain stable while regulatory costs are expected to fall. All good. However the main area of concern is builder/labourer recruitment which needs to be stepped up.
The growth they are talking about is in the single family home sector, in other words not multiple occupancy developments. While projections as we have said on new builds is good it must be pointed out that construction growth would be even larger if more building plots and construction loans were available to the industry.
The need is obviously there, as is the steady growth but is the willingness to grow the sector much, much bigger?