Residential Expecting Even Better

By Mike Bierne, Professional Builder | December 18, 2013
Residential Expecting Even Better

How builders rate the 2013 housing recovery depends on their zip code. Housing starts nationally through August are 23 percent ahead of last year’s pace, but 44.2 percent of builders participating in the 2014 Market Outlook Survey rated this year as mediocre to poor. Most of those builders hailed from the Middle Atlantic (New York, New Jersey, Pennsylvania), Mid South (Alabama, Kentucky, Mississippi, and Tennesee) and the Great Lakes (Illinois, Indiana, Michigan, Ohio, and Wisconsin) regions.

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However, the majority of builders, 60.4 percent, indicated that they were optimistic about the overall home building industry heading into 2014, and 72.8 percent said a year from now they expect to rate 2014 as good, very good, or excellent.

For more survey results, see the charts that follow.