What we can learn from the resilient Southeast housing market
Following previous recessions, housing could always be counted on to lead the nation’s economy back to prosperity. That didn’t happen in the housing recovery following the Great Recession.
New residential construction has continued to advance year after year. But the pace has been slower than usual. And several years into the recovery, annual production remains below where many industry analysts would like to see it to meet the needs of the nation’s growing population.