Homebuilding did not get off to a good start in 2014. David Crowe, chief economist for the National Association of Home Builders,
blames
the harsh winter that plagued many states east of the Rockies for
bringing homebuilding to a virtual standstill at the beginning of the
year. A sluggish economy didn't help either, he noted. As
such, housing production is not making much advancement in 2014
compared to 2013. Housing starts will likely increase 7 percent this
year over 2013, which is the slowest growth of the recovery, Still, Crowe projects a turnaround for the new-home sector in 2015, read more.
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