With housing poised for a comeback, builders put tech back in their toolbelt.
The housing market is the classic rollercoaster: up, then down, then going sideways, faster before slower, and then who knows where out of the tunnel. As we sit at the outset of a new year, it is anyone’s guess as to where this rollercoaster is headed. However, for all the ups and downs this market has experienced throughout the past few years, builders might be in store for a bit more predictability on this ride during 2013. Or at least we can hope.
According to the December 2012 economic outlook by the Economic & Strategic Research Group of Fannie Mae (Federal National Mortgage Assn.), home sale and price trends suggest housing finally represents “a tailwind to growth.” It was expected the median price of a new home to increase 4%, to $236,000. Fannie Mae is projecting median prices of both new and existing homes will rise an additional 1.7% in 2013.
Read more in Constructech magazine’s print version.