This year will probably be the biggest year for homebuilders in a decade
Rising demand calls for new construction
After housing starts increased in June, experts weighed in, explaining why 2017 could be the best year for new construction in a decade.
Experts explained the growing imbalance between the number of homes for sale and the demand allowed builders to construct more homes.
“Most likely a result of the trending imbalance between homes for sale and demand for new homes to purchase, housing starts finally edged up in the month of June to 8.3%,” said Greg Parsons, Semper Capital Management CEO and head of investment committee. “The need to balance the growing demand for housing with a dwindling supply, coupled with a strong economy, has given builders an opportunity to break ground and build more homes.”