Publication Details

The economic situation and construction-sector developments in the UNECE region, 2011-2012

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Year Published

2012

Publication

In: UNECE/FAO forest products annual market review 2011-2012. ECE/TIM/SP/30. New York and Geneva. United Nations Publications: 11, 18-23.

Abstract

The US housing market continues to struggle from overbuilding, the housing crash, and the Great Recession. It is still in a correction that began in 2008, with new housing starts and sales at their lowest levels since modern records began being kept in 1963. Spending on housing construction is at record lows; however, the remodelling and multi-family subsectors' expenditures are increasing slightly. Most estimates for a moderate to robust housing recovery are still several years in the future.

Citation

Alderman, Delton. 2012. The economic situation and construction-sector developments in the UNECE region, 2011-2012. In: UNECE/FAO Forest products annual market review 2011-2012. ECE/TIM/SP/30. New York and Geneva. United Nations Publications: 11, 18-23.

Last updated on: June 2, 2017