While much has been hyped about the demise of single-home ownership, whether in houses generally or condos in urban areas, a shift to increasing housing construction is currently taking place.
It had been readily accepted by most observers that the long period of 1.6 million new home constructions should be relegated to past history, with 600,000 new housing starts a more realistic objective, now and in the future. Even those manufacturers and service providers (plumbers, latherers, electricians, plasterers, contractors, sales agents), dependent on America’s previous world-leading housing market, had been resigned to a sparse long-term house-building future.