The Urban Land Institute, a nonprofit land-use think tank, recently released its real-estate forecast for the next three years. The survey shows some encouraging trends in the residential sector through 2014.
The survey compiled the opinions of 38 real-estate economists and analysts, and reflects the panel’s median forecast on 26 economic indicators dating back to 2009. Projections are based on data from 2009 to 2011.
Most heartening for builders, the panel predicts that single-family housing starts will jump by 2014, from 428,600 in 2011 to a projected 800,000 in 2014.
Read more online at the Wall Street Journal.
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