Slow Growth Ahead

Multifamily construction is recovering faster. The 2011 forecast calls for total starts to be down 1 percent over 2010, but multifamily is expected to be up 35 percent over the same time frame.

Some large markets are forecasted to have even better growth than the 26 percent national forecast for new-home sales. Ten MSAs are expected to see over 1,000 more new-home sales in 2012 over 2011, and of those, eight markets should see growth of 30 percent or more: Atlanta, Charlotte, N.C., Chicago, Miami, Fla., Minneapolis, Orlando, Fla., Phoenix, and Portland, Ore.

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