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Forest Products Laboratory
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Madison, WI 53726-2398
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Title: The economic situation and construction-sector developments in the UNECE region, 2011-2012

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

Author(s)Alderman, Delton

Publication Year: 2012  View PDF »

Category: Journal Articles

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.

Publication Review Process: Informally Refereed (Peer-Reviewed)

Date posted: 01/22/2013

This publication is also viewable on Treesearch:  view
RITS Product ID: 63080

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